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EU companies to see revamped rules for data transfers by end-2020, Reynders says

By Cynthia Kroet ( September 3, 2020, 14:47 GMT | Insight) -- EU businesses relying on Standard Contractual Clauses, known as SCCs, to transfer data to countries outside the bloc will see those rules overhauled by the end of this year, Justice Commissioner Didier Reynders has said. The European Commission aims to finalize the update soon — taking into account a recent ruling from the EU's top court that declared the Privacy Shield data-transfer mechanism invalid — to give companies legal certainty.EU businesses relying on Standard Contractual Clauses, known as SCCs, to transfer data to countries outside the bloc will see those rules overhauled by the end of this year, Justice Commissioner Didier Reynders has said....

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