The Global Legal Post reports that a bilateral agreement regarding the transfer of EU data to the US was struck down by the European Court of Justice (ECJ) amid concerns about the privacy of personal data that lawyers say could have implications for the future of global trade.
The legal industry publication turned to London Intellectual Property partner Huw Beverley-Smith for his reaction to the ruling.
Beverley-Smith called the ruling “a very significant decision, although data flows will not stop overnight.”
Businesses that had adopted a “belt and braces” approach in implementing SCC alongside Privacy Shield certification will have some relief, and if they hadn’t, they would swiftly do so, Beverley-Smith noted.
However, Beverley-Smith added: “The same fundamental problems [such as] limited redress against access by the US government to personal data, will also apply in practice to SCC.”