JUL 07, 2020 | EUROPEAN UNION
Companies May Face Possible Data-Transfer Turmoil in EU Court Ruling
Bloomberg Law, July 7, 2020
By Daniel R. Stoller
US companies may need to brace for tougher restrictions on importing data from the European Union after the bloc’s top court rules next week on two legal mechanisms most use to ship the information. At stake is the transatlantic data market—worth hundreds of billions of dollars —that lets companies such as Alphabet Inc.'s Google, Facebook Inc., and Amazon.com Inc. use US-based facilities to serve European customers. European regulators want to ensure the mechanisms governing data transfers protect Europeans’ privacy as stringently outside of the bloc as within.
Invalidating either pact would create “significant disruptions” to the cross-border data market, said Thomas Boué, director of Europe, Middle East, and Africa policy at BSA | The Software Alliance, which counts Microsoft Corp., Oracle Corp., and Okta Inc. among its members. “If you can’t move HR data, how can you do payroll?”
Original Posting: https://news.bloomberglaw.com/tech-and-telecom-law/companies-face-possible-data-transfer-turmoil-in-eu-court-ruling
SOBRE A BSA
A BSA | The Software Alliance (www.bsa.org) é a principal defensora do setor global de software perante governos e no mercado internacional. Seus membros estão entre as empresas mais inovadoras do mundo, criando soluções de software que estimulam a economia e melhoram a vida moderna.
Com sede em Washington, DC e operações em mais de 30 países, a BSA promove programas de conformidade que promovem o uso legal de software e defendem políticas públicas que promovem a inovação tecnológica e o crescimento da economia digital.