Oliver Süme on a Prospective Successor Agreement to the EU-US Privacy Shield

Commenting on the statements by Commission President Ursula von der Leyen and US President Joseph Biden regarding an agreement on a new deal on legally secure data exchange between the US and the EU, eco Chair of the Board Oliver Süme has the following to say:

“I welcome the fact that, after the recent failed attempts to establish a successor agreement to the EU-US Privacy Shield, things are now starting to once again move forward, and there is obviously a serious intention on both sides of the Atlantic to reach a solution in a timely manner. Legal certainty in the exchange of data between the EU and the US is an important prerequisite for many data-driven business models and is thus an important building block for successful digital transformation. For the German economy, and especially for many small and medium-sized enterprises, a reliable basis for the legally compliant exchange of data between the EU and the US is essential. We hope that the positive signals on both sides will now lead to an early ratification of the agreement, which takes the requirements of the European Court of Justice into account.”

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