New EU standards of personal data protection

On 25 May 2018, the new General Data Protection Regulation (GDPR) (EU) came into effect. The Regulation has a significant impact on those entities processing and (or) transferring personal data of individuals inside the EU.
The new regulation sets critical requirements related to data processing rules and procedure, which would include appointing an EU-based representative for contacting the compliance monitoring authorities by the companies registered outside the EU, yet processing the data of individuals within the EU. The Regulation provides for administrative fines up to €20 million or up to 4% of the annual turnover, if there has been an infringement of personal data protection requirements.

We are confident that this update is going to prove useful for most parties dealing with individuals inside the EU.

In the near future, we are going to familiarize you in more details with various requirements and issues of applying GDPR. 

Sincerely yours, 

You & Partners and Green Light Consult

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