Keeping Pace With EU Data Privacy Law Overhaul

Law360, New York (February 22, 2012, 1:19 PM EST) -- The European Union has unveiled plans for sweeping changes to its outdated data protection laws that will have significant implications for companies — both inside and outside the EU — that handle the data of EU citizens, and may subject those that fail to comply with severe fines of up to 2 percent of annual global income.

According to the Jan. 25, 2012, statement from the European Commission announcing the reforms, the proposed General Data Protection Regulation — one component of the package of reform measures...
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