UPDATE: Since this article was drafted, Privacy Shield has been formally adopted and is now in effect. Please see this article for more information.
After four months of frantic negotiations, the U.S. and the European Union have a new deal on cross-border data transfer. The agreement, dubbed the “Privacy Shield,”replaces the Safe Harbor Framework, a bilateral agreement governing transfer of personal information that was struck down by the European Court of Justice in October of last year. News of the detente was greeted with a mixture of skepticism and relieved adulation, tempered with a dash of confusion. What do you need to know about Privacy Shield? Read more