1. European Commission Adopts Updated Standard Contractual Clauses and Mandates New Compliance Deadlines
The European Commission adopted updated Standard Contractual Clauses for data transfers between EU and non-EU countries, providing much needed predictability and guidance after the Schrems II decision invalidated the EU-US Privacy Shield.
2. SCOTUS 'Van Buren' Ruling Cracks down on Employee Policing
Employers now have one less legal mechanism for enforcing employee computer usage, but companies may still rely on state-level trade secret statutes and common law.
3. Data Privacy is increasingly shaping M&A Deal Making
The combination of rising cybercrime and an increasingly complex legal framework in the U.S. and abroad is forcing companies to pay more attention to privacy and cybersecurity in M&A.
4. Masks Off: Navigating the COVID-19 Vaccine Era
As vaccination rates rise and hybrid/remote working practices become more commonplace, companies should remain vigilant about data security practices and pay close attention to how they collect personnel information, such as employee vaccination status.
5. Ransomware is a board level issue
With enterprise ransomware attacks on the rise, boards must stay educated about and remain actively involved in cybersecurity risk management by prioritizing preventative measures and remediation efforts for ransomware attacks.
Baker Botts recognizes that data-protection and privacy issues are a concern for all companies that gather, store, or process the sensitive or personal information of their customers, third parties or employees. Privacy regulations around the world change constantly and the growth in technology available to transfer, manipulate, process, and access data shows no sign of abating. Learn more about our Privacy and Data Security practice here.
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Baker Botts is an international law firm of approximately 700 lawyers practicing throughout a network of 13 offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the energy, technology, and life sciences sectors. Since 1840, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit bakerbotts.com.