Data transfers under review: a new EU-US Privacy Shield

Following weeks of intense discussions between EU and US officials, it was announced, on 2 February 2016, that political agreement had been reached on a new framework for transAtlantic data flows. The announcement of the ‘EU-US Privacy Shield’ by the European Commission was the latest in a series of developments and reactions in the aftermath of the Court of Justice of the European Union’s (‘CJEU’) judgment on 6 October 2015 in the Schrems case, rendering Commission Decision 2000/520 on Safe Harbor invalid. William Long and Francesca Blythe, Partner and Associate respectively at Sidley, provide their insights into what is currently known regarding the Privacy Shield.