August 22, 2014
August 21, 2014
August 20, 2014
The European Union (EU) seeks Strengthening of Safe Harbor Rules
The European Union (EU) has launched a commission to review the U.S. Department of Commerce’s (DOC) Safe Harbor agreement. The review comes in the wake of PRISM, the National Security Agency’s data collection program. Safe Harbor is a voluntary program for U.S.-based companies with operations in the EU to transfer personal data across EU borders.
The EU argues that the Safe Harbor program may be using “loopholes” to skirt EU data privacy rules. The International Trade Association (ITA), acknowledges the “criticisms,” but disagrees, saying that the program operates within its framework. Safe Harbor is based on the EU Data Protection Directive, and, as noted by the ITA, is limited when national security or defense matters are in question.
EU officials would like to review Safe Harbor for compatibility with new EU laws on data protection. While the U.S. is open to discussions on Safe Harbor, it is not likely that they will tighten any restrictions on it.
<span class="advertise"> Advertisement </span>
- McDonald's and the NLRB: The Not-So Golden Arches Decision
- The Wal-Mart Decision: Just How Big A Blow Did the Delaware Supreme Court Deal To Corporations?
- SEC Charges Colorado Woman and Her Two Companies with Offering Fraud
- ISDA (International Swaps and Derivatives Association) Publishes Protocol for 2014 Credit Derivatives Definitions
- Institutional Shareholders Services (ISS) Launches New Equity Plan Data Verification Portal
- China Releases Circular Regarding the Provisions on the Foreign Exchange Administration for Cross-Border Guarantee