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In his feature article published on June 5, 2018 in the American Bar Association’s International Law News, Aaron Schildhaus reviews some of the provisions of the GDPR that are important for US and other entities world-wide to know. Mr. Schildhaus recommends that companies outside of Europe refer to the provisions of the GDPR as setting an international standard for best practices.
As of May 25, 2018, US companies and NGO’s with European operations, employees or personal data need to be in compliance with the General Data Protection Regulation (GDPR), or risk enormous fines and penalties (up to 4% of annual revenues or 20 million Euros, whichever is greater). Despite this risk, it is estimated that less than half of US companies have taken the necessary steps to properly prepare for the GDPR. To read the article, click here.
Mr. Schildhaus has written extensively about the GDPR. He specializes in international data protection, privacy, cyber-security, international transactions, and Foreign Corrupt Practices Act matters. He is a member of the DC and Illinois Bar, and was based in Paris, France for eleven years and in Buenos Aires, Argentina for four years. He is a member of the ABA’s Cybersecurity Legal Task Force, and a former Chair of the ABA’s Section of International Law. To read prior articles on the GDPR authored by Mr. Schildhaus, please click here and here.