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Data Protection gets Interesting

Data Protection gets Interesting

Published: 27 February 2016

The draft General Data Protection Regulation (often referred to as GDPR) should be formally adopted in the coming months, and come into force in two years’ time.

It will extend the scope of the EU data protection law to foreign companies processing data of EU residents, and provide for a harmonisation of the data protection regulations throughout the EU. The measure has been described as ‘the most comprehensive reform of data protection law ever in the EU’s history’.

The result of this is that data protection will become much more important to businesses as sanctions for failure to comply include fines of up to four per cent of global annual turnover.

If you would like further advice or information on the draft General Data Protection Regulation please contact Piers Larbey or Tudor Alexander in our Corporate Team.

The contents of this article are intended for general information purposes only and shall not be deemed to be, or constitute legal advice. We cannot accept responsibility for any loss as a result of acts or omissions taken in respect of this article.