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Member News
Member News
20
Nov
With just under six weeks until the end of the transition period, the EU-UK negotiations on the future relationship hit a familiar roadblock, as the coronavirus breached the carefully sealed bubble of negotiators.
Since the very public fallout between the parties in October, talks had, as promised by Commission President von der Leyen, been significantly intensified with in-person negotiations taking place almost daily since 22 October. In fact, considering that both chief negotiators had been very light-lipped recently, some commentators...
19
Nov
Wilson Sonsini recently hosted a discussion regarding this topic - and you can find the recording, plus the presentation materials here: Data Transfers Post-Schrems ll Webinar Recording |
On November 12, 2020, the European Commission (EC) issued a draft version of a new set of Standard Contractual Clauses (New SCCs). The long-awaited New SCCs include several modules that companies can use depending on the transfer scenarios, such as controller-to-controller, controller-to-processor, and processor-to-processor data exports. The New SCCs have also been updated to reflect...
19
Nov
Since April 2020, we have collaborated with our foreign law firm partners to provide a chart summarizing the economic, labor and employment, health and safety, and export and import measures taken by governments around the world in response to the COVID-19 pandemic. After a short break, we are back with version 2.0 of our chart with substantive changes to reflect the most pressing and interesting government measures concerning the COVID-19 pandemic. The new version of the chart includes a concise, corporate-focused...
18
Nov
EU financing for COVID-19 vaccine helps German firm close in on a solution with highly effective trial results
When Özlem Türeci and her husband, Uğur Şahin, announced that the COVID-19 vaccine developed by their company, BioNTech, had excellent results in its latest tests, the couple took a short break from their round-the-clock research schedule. But only long enough to drink a cup of tea.
“It was oolong tea to be precise,” Türeci says. “We both like it and it’s easy to...
17
Nov
Survey shows 61 percent of companies are engaged in or considering a legal entity rationalisation.
A 2020 survey conducted by CFO Research and Vistra found that 61 percent of respondents were engaged in or considering conducting a legal entity rationalisation. Some may find that number surprising, but there are good reasons so many companies are undertaking rationalisations.
In this podcast, CFO Magazine’s Nick Ciavatta interviews Charlotte Hultman and Ed Novak about why legal entity rationalisations are so popular, and why they’ll...
17
Nov
Highlights:
Due to the recent announcements of successful trials for a COVID-19 vaccine, healthcare providers are asking about the extent to which the Public Readiness and Emergency Preparedness Act (PREP Act) will protect them against liability under state and federal law.
There is limited case law addressing the applicability of the PREP Act, but the bottom line of the few cases that have examined the question is that the PREP Act is likely to preempt state claims relating to...
16
Nov
Following on from this week’s big announcement by the European Data Protection Board (EDPB) on its expectations for international data transfers after the European Court of Justice’s July 16 Schrems II decision, the European Commission released a draft set of new Standard Contractual Clauses (SCCs) and a draft implementing decision. The Commission’s draft set of clauses allows for two new types of transfer (EU-based processor to ex-EU processor, and EU-based processor to ex-EU-controller) and contains important updates to bring the text of the...
16
Nov
On November 10, 2020, the European Data Protection Board (EDPB) adopted the long-awaited "Recommendations 01/2020 on measures that supplement transfer tools to ensure compliance with the EU level of protection of personal data" (the recommendations) - available here. The recommendations should assist organizations in dealing with the consequences of the Schrems II judgment of the Court of Justice of the European Union (which invalidated the Privacy Shield and imposed additional requirements on organizations for their transfers of personal data).
There are...
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