I look forward to promoting stronger U.S.-Latvia ties and working with AmCham members to ensure Latvia is a trusted destination for international business.
John Tully, Chairman of the Board of MikroTik
News
EU Court of Justice invalidates EU-US Privacy shield
Jul 23, 2020
On July 16, 2020 the European Court of Justice ruled on the validity of two data transfer mechanisms: standard contractual clauses (SCCs) and Privacy Shield. While the validity of SCCs were upheld ensuring the transfer of personal data to data processors established outside of the EU, the court invalidated the Privacy Shield mechanism to transfer data to the U.S.
After the ruling the U.S. Chamber of Commerce issued a statement encouraging the U.S. Department of Commerce to work with their EU counterparts to swiftly develop a new suitable mechanism for cross-border data transfers.
AmCham is a 'must-join' organization for any company of scope or international ambition.
Karlis Cerbulis, Senior Vice President of NCH Advisors, Inc.