Entities registered with the U.S. Securities & Exchange Commission (SEC) must maintain certain books and records and can be subject to the SEC’s examination, inspection, and enforcement authority. Responding to SEC requests can require cross-border transfers of personal data, and this has historically risked non-compliance under foreign data protection law. The SEC has been proactive […]
International
Securities Class Actions Filed Against Three Chinese Tech Titans After Announcement of Cyber-Related Investigations
In early July, investigations by a Chinese cybersecurity regulatory agency, the Cyberspace Administration of China (“CAC”), into at least three China-based technology companies—DiDi Global Inc. (“DiDi”), Full Truck Alliance Co. Ltd. (“FTA”), and Kanzhun Limited (“Kanzhun”)—were purportedly revealed weeks after each conducted a substantial initial public offering (“IPO”) on a United States stock exchange. These […]
Alston & Bird Publishes FAQs – Standard Contractual Clauses for Controllers and Processors in the EU/EEA
Our Privacy, Cyber & Data Strategy Team answers five questions about the standard contractual clauses that aim to ensure compliance with Articles 28(3) and (4) of the General Data Protection Regulation: Are controllers and processors obliged to use the Article 28 clauses for their data processing agreements? Do the Article 28 clauses ensure compliance with […]
Alston & Bird Publishes 10 Key Takeaways from the New Standard Contractual Clauses
As highlighted by this blog on Friday, the European Commission has published long-awaited Standard Contractual Clauses (SCCs). These represent the first updates to the SCCs in over a decade, with the last updates having been made in 2010. Alston & Bird partner Wim Nauwelaerts has now published an advisory titled “10 Key Takeaways from the […]
European Commission Publishes Long-Awaited New Standard Contractual Clauses
Today, the European Commission published finalized versions of new Standard Contractual Clauses (SCCs). The Commission has published two sets of clauses: A set of SCCs to be used in controller-to-processor situations in conjunction with Art. 28 GDPR “data processor” terms applicable to such situations. A more general set of modular SCCs that can be used […]