Fox Rothschild LLP

The Information Technology Industry Council (ITI) issued a statement on Schrems II: Many small and medium sized enterprises (SMEs) are affected by the Court of Justice of the European Union decision and need guidance and a solution.

“We encourage the U.S. and EU governments to work together to ensure that companies can fully and safely rely on data transfer mechanisms, to ensure the long-term viability of SCCs in order to avoid legal uncertainty and economic harm, in full respect of the Court’s judgement and fundamental rights.”

“The invalidation of Privacy Shield disrupted transatlantic data flows, that are central to enabling the U.S. and European economies, and created legal uncertainty for the more than 5,300 signatories ,,,especially small and medium-sized enterprises (SMEs), start-ups, and scale-ups.”

“Such disruption must be avoided in order to minimize any negative economic consequences, particularly in the wake of the COVID-19 crisis and the economic recovery in both Europe and the U.S.”

“EU data protection authorities [should] provide guidance for companies [as well as] a reasonable enforcement moratorium.”

Read the full statement.

[View source.]

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