What are the changes relevant to Israeli companies operating in
the EU?
The General Data Protection Regulation
("GDPR") of the European Union has
significant consequences even for those companies located outside
of the EU, raising the standards for data protection and
introducing new and significantly higher fines for non-compliance
to ensure that they comply with the new regulatory framework. The
following bulletin summarises those provisions that are most
relevant to companies located outside the EU.
WHAT IS THE GDPR?
As noted in ERM's previous bulletin on EU data protection, the
GDPR is designed to harmonise national data protection laws across
the EU, and to strengthen data protection rights of individuals.
The GDPR is going to replace the current EU Data Protection
Directive and contains a new set of rules which will be directly
applicable to all EU Member States.
