Clifford Chance

GDPR With Its High Penalties Is Almost Here. May 25, 2018. Less Than 125 Days To Go.

23 January 2018

The GDPR, and why it may be a game-changer for a US organization (even if it is not in Europe). The General Data Protection Regulation (the GDPR) becomes effective on May 25, 2018. It is the biggest shift in data protection and privacy legislation in Europe for a generation, with extra-territorial effect, so a US company may have to comply even if it is not based in Europe. Failure to comply exposes a company to unprecedented regulatory risk, and huge penalties for serious breaches - up to 20 million Euro or 4% of global turnover - whichever is higher!

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