On September 6, 2023, the European Commission (EC) returned from its summer break with full force and announced the designation of six tech companies as so-called “gatekeepers” under the EU’s Digital Markets Act (DMA) and

Continue Reading Into the Final Stretch: Six Gatekeepers Confirmed Under the EU’s Digital Markets Acts

On June 21, 2023, a request for a preliminary ruling on the scope of the term “undertaking” in Article 83(4) to (6) of the General Data Protection Regulation (GDPR) was lodged with the Court of Justice of the EU (CJEU). This concept is critical for companies facing enforcement action as it is used as a reference point to determine the cap for GDPR fines.Continue Reading Missteps in Mixing EU Data Protection and Competition Law: A Call for Boundaries

On July 10, 2023, the European Commission (EC) adopted an adequacy decision in relation to the EU-U.S. Data Privacy Framework (DPF). This paves the way for organizations to certify to the DPF, reducing friction for transfers of personal data from the EU to the U.S., and allowing companies to simplify their compliance with EU data flow restrictions. It thus represents a major development in the regulation of data flows from the EU to the U.S.Continue Reading EU and U.S. Finalize Data Privacy Framework: Here’s How to Get Certified

On June 28, 2023, the European Commission (EC) published a Proposal for a Regulation on Financial Data Access (FIDA). FIDA aims to create a framework through which data holders (e.g., banks, credit institutions) share the financial data they hold with other players in the finance industry (e.g., fintech companies). Customers of financial institutions will be able to control i) which data is shared, ii) with whom, iii) for what purpose, and iv) for how long. If adopted, FIDA will further liberalize financial data sharing in the EU.Continue Reading European Commission Proposes New Rules on Financial Data Access and Use