After nearly two years of detailed negotiations, on March 25, 2022, U.S. President Joe Biden and European Commission President Ursula von der Leyen announced an “agreement in principle” on a new Trans-Atlantic Data Privacy Framework to re-establish an important legal mechanism to effectuate cross-border transfers of personal data from the EU to the U.S.
The Framework is hoped to address concerns raised by the decision of the Court of Justice of the European Union in Data Protection Commissioner v Facebook Ireland and Maximillian Schrems (2020) (“Schrems II”).
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