Brexit- An End to the Free Movement of Personal Data?
TECHNOLOGY, INNOVATION, LAW AND TAX
Earlier this month the European Commission’s Directorate-General for Justice and Consumers (DGJUST) published its “Notice to Stakeholders: withdrawal of the United Kingdom from the Union and EU rules in the field of data protection”. The notice should come as no surprise as it simply reiterates the applicability of the general European Union data protection law regime that restricts data transfers outside of the EU unless adequate safeguards are in place or the third country guarantees an adequate level of protection.
While the UK has indicated that it wishes to remain closely aligned with EU Data Protection law (it will, after all, at the point of withdrawal have implemented the General Data Protection Regulation (“GDPR”)), the outcome of the Article 50 negotiation process and whether the terms of any withdrawal agreement will address data transfers between the UK and the remaining 27 EU member states) is uncertain. In those circumstances, the notice serves as a valuable reminder of the legal implications of Brexit on the ways organisations and businesses process personal data and to consider implementing one of the mechanisms available to them for the purposes of personal data flows to third countries.
Read Ronan Daly Jermyn’s full summary of this GDPR update here.
For more information on the content of this Blog post contact:
Diarmaid Gavin, Partner – Brexit – email@example.com
Elena Vassileva, Registered European Lawyer – Cyber and Data Protection – firstname.lastname@example.org
A thoughtful and thorough business plan is essential for presenting your ideas to potential business partners and finance providers.Read More
What kind of company should you form? As a new venture, it's vitally important that you choose the right business structure.Read More
Funding is a critically important topic for all new startups. Learn about the options available for financing your business idea.Read More
Just like any business, a startup needs to pay its taxes. Getting tax advice as early as possible can avoid problems down the road.Read More
For the vast majority of knowledge-based startups, intellectual property (“IP”) is the business’s most important asset.Read More
Once a new company has been formed, a number of key legal agreements and documents must be put in place.Read More
Ronan Daly Jermyn regularly hosts events and workshops with a focus on education, mentorship and networking. Topics of discussion include early stage financing, licensing, contracts, employment and tax issues.Learn more