21 December 2015
Two months after invalidation of the US Safe-Harbor by the Court of Justice of the European Union (Schrems v Data Protection Commissioner - 6 October 2015), political agreement has been reached to replace the entire EU data protection legal framework.
After four years of negotiations, representatives of the European Commission, the European Parliament and the EU Council of Ministers have finally reached agreement on the new General Data Protection Regulation (the "GDPR"). Political agreement was reached on 15 December and the agreed text published on the following day. The LIBE Committee of the European Parliament has now also approved the text.