New PrivacyShield upcoming?
“The European Union has just announced reaching an agreement in principle with the US on a revived transatlantic data flows deal — potentially signalling an end to the many months of legal uncertainty that has dogged cloud services after a landmark court ruling in July 2020 which struck down the EU-US Privacy Shield.
‘We have found an agreement in principle on a new framework for transatlantic data flows,’ said European Commission president, Ursula von der Leyen, speaking at a joint press conference with US president Joe Biden today.
‘This will enable predictable, trustworthy data flows between the EU and the US, safeguarding privacy and civil liberties.’