What the January 25, 2012 Draft of the Proposed EU Data Protection Reform Means for Companies Doing Business with or in the EU
January 27, 2012 – Francoise Gilbert
The comprehensive proposed data protection package that the European Commission unveiled on January 25, 2012 provides a sneak preview of the plans for the European Commission for the reform of the data protection rules in the European Union. It the draft legislative texts are adopted in a form substantially similar to that which was presented in the package, by 2015, the European Union will be operating under a single data protection law that applies directly to all entities and individuals in the Member States. In addition, much of the administrative burden that are currently costing billions of Euros to companies will have been removed. The savings would allow companies to allocate their data protection budget to more meaningful, efficient, data protection practices that are better adapted to the uses of personal data, the new technologies and the 21st century way of life.