Assaf Harel (partner) and Rebecca Genis (associate) review in this client update the European Commission’s decision to adopt new Standard Contractual Clauses for the transfer of personal data to third countries (“New SCCs”).
The New SCCs are meant to replace the Standard Contractual Clauses adopted by the European Commission in its decisions from 2001 and 2010 (the “Previous SCCs”), which are standard agreements to be executed between entities based in the EU (data exporters) and entities based outside of the EU (data importers). The Previous SCCs served as one of the most common legal bases for the transfer of personal data outside of the EU.
