US-EU Joint Statement: Privacy Shield
By Behnam Dayanim and Daniel Julian
On August 10, 2020, U.S. Secretary of Commerce Wilbur Ross and European Commissioner for Justice Didier Reynders released a joint press statement (“Statement”) addressing the recent Schrems II ruling from the Court of Justice of the European Union (the “CJEU”).
As previously reported (
According to the Statement, the parties have “initiated discussions to evaluate the potential for an enhanced EU-U.S. Privacy Shield framework”. Further, the statement underscores the U.S. Department of Commerce’s and the European Commission’s recognition of the “vital importance of data protection”, as well as the “significance of cross-border data transfers” to both the economies and residents of the U.S. and EU.
The official statement is available from both the (