With the judgment published on 16 July 2020 (s.c. “Schrems II”), the Court of Justice of the European Union has invalidated the Decision 2016/1250 adopted by the European Commission pursuant to Article 45 of the GDPR on the adequacy of the protection provided by the EU-U.S. Privacy Shield. Given the legal complexity and economic implications of the aforementioned judgment, the European authorities and institutions have recently published clarifications on the legal framework regarding transfers of personal data to third countries, as well as measures to amend the applicable legislation in the light of the principles set out in the Schrems II judgment. For further details, please refer to the memorandum summarising said clarifications and measures, available at the following link: Transfer of personal data to third countries: clarifications and new measures after the “Schrems II” judgement
