Brazilian Data Protection Law's Impact On US Financial Firms
Law360 (October 20, 2020, 5:45 PM EDT) -- Brazil's General Data Protection Law, or LGPD, entered into effect in September. The Brazilian law was modeled after the European Union's General Data Protection Regulation and has far-reaching ramifications affecting even companies located outside of Brazil. This video explains why certain banks and other financial institutions that do not have a direct or indirect presence in Brazil should still be up to speed with the LGPD requirements and prepared to avoid potential issues with Brazilian regulators and courts.
Flavia Rebello is a partner at Trench Rossi Watanabe and Daniela Fonseca Puggina is a partner at Baker McKenzie.
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