Data and Privacy: Why Is the U.S. Harbor No Longer Safe?
The EU top court has outlawed an agreement to allow data transfers from Europe to the U.S. How did that happen?
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A "bombshell" ruling from the highest court in the European Union branded a key EU-U.S. data-sharing agreement illegal – and threatened to plunge Internet companies into a legal limbo.
The ruling "pulled the rug under the feet of thousands of companies" that have been relying on safe harbor, said Monika Kuschewsky, special counsel at Covington & Burling LLP in Brussels. "All these companies are now forced to find an alternative mechanism for their data transfers to the U.S. And, this, basically overnight."