Walkers Senior Associate Stephen Ozanne
discusses the use of a Guernsey data trust.
Whilst the financial value in data is being increasingly
recognised, data itself is starting to be seen as a commodity that
perhaps is now more important than oil. However, whilst significant
technical advancements continue to be made to safeguard data,
advancements in the legal tools to protect data have possibly
lagged behind. Further, different countries continue to introduce
conflicting requirements for protecting and requiring disclosure of
data (such as the EU's General Data Protection Regulation and
the US PRISM program), creating the so called 'splinternet'
phenomenon and additional legal risks for international
businesses.
