The General Data Protection Regulation (GDPR) (see the latest text here), which was approved at the political level last week, heralds a new era of data protection in the EU and beyond. The GDPR imposes numerous new obligations on companies both within and outside the EU, strengthens the rights of individuals and foresees stiff penalties of up to 4% of global turnover.
This alert discusses the scope of the GDPR, summarizes its key elements and explains the remaining procedural steps in the months ahead. For the alert, click here.