Article by Christian
Schröder, Kolvin
Stone, James
Drury-Smith, Antony P.
Kim and Aravind
Swaminathan.
After 4 years of negotiation, today the European Parliament
adopted the General Data Protection Regulation ("GDPR"). In doing so, it signaled the end
of the EU approval process and put businesses on alert that they
now have two years to prepare for compliance.
The finalization of the GDPR has implications not only in the EU
but globally. Businesses around the world that wish to operate in
the EU, provide services and goods to residents in the EU, or
monitor the behavior of residents in the EU, will need to comply
with the new laws.
The GDPR builds on existing EU privacy laws but includes
significant changes which increase the protections already afforded
to personal data.
