Tag: Department of Commerce

List of approved companies under the EU-U.S. Privacy Shield was released

16. August 2016

list was released last week containig about 40 companies that have been approved under the EU-U.S. Privacy Shield.

A spokesman of the Department of Commerce commented that this list would be updated continuously. He went on by saying that “There are nearly 200 applications currently involved in our rigorous review process.”

Nevertheless, the Wall Street Journal just released an article mentioning that due to the lack of legal uncertainty of the EU-U.S. Privacy Shield, companies demonstrate restraint in joining the agreement.

However, “we don’t expect a stampede to join it in the next few days, but rather a steadily growing wave over the long run, especially if European companies begin to favor Privacy Shield membership in competitive bids” concluded Jay Cline working with PwC.