EU Commission Adopts New Adequacy Decision For The EU-US Data Protection Framework

AFTER YEARS OF NEGOTIATIONS BETWEEN THE EU AND THE US, THE EU COMMISSION CONCLUDED THAT THE US OFFERS AN ADEQUATE LEVEL OF PROTECTION FOR PERSONAL DATA TRANSFERRED FROM A CONTROLLER OR PROCESSOR IN THE EUROPEAN ECONOMIC AREA TO US COMPANIES THAT ABIDE BY THE OBLIGATIONS UNDER THE FRAMEWORK.

On 10 July 2023, the EU Commission adopted its adequacy decision for the EU-US Data Privacy Framework ("Framework"). After years of negotiations between the EU and the US, the EU Commission concluded that the US offers an adequate level of protection for personal data transferred from a controller or processor in the European Economic Area ("EEA") to US companies that abide by the obligations under the Framework.