Relief for Big Tech: EU, US Reach New Agreement on Data Transfers – The Quint

What these commitments translate to in the real world will only be clear once the final framework is published.

Maximilian Schrems, however, isn’t optimistic. He believes that the US is not planning to change its surveillance laws and that there seems to be no update to the Privacy Shield principles for commercial data usage.

“The final text will need more time, once this arrives we will analyze it in depth, together with our US legal experts. If it is not in line with EU law, we or another group will likely challenge it. In the end, the Court of Justice will decide a third time,” he said in a statement.

“It is regrettable that the EU and US have not used this situation to come to a ‘no spy’ agreement, with baseline guarantees among like-minded democracies. Customers and businesses face more years of legal uncertainty,” he added.

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