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EU-US Data Transfers After Schrems II: European Commission Publishes New Draft Standard Contractual Clauses

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**Update: On June 4, 2021, the European Commission formally adopted the new standard contractual clauses (“SCCs”) for international personal data transfers. Businesses will have a grace period of 18 months from the effective date of the European Commission’s decision to update all existing SCCs for transfers outside the European Union with the new SCCs. In the meantime, businesses will […]