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The EU General Data Protection Regulation takes effect

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The new GDPR is now applicable within the whole EU

The GDPR lays out the obligations with regards to data protection that both EU and non-EU based companies working with data from EU citizens will face. It foresees important fines for infringements of the basic principles for personal data processing (administrative fines of up to 10 or 20 million euros, or up to 2% or 4% of the total worldwide annual turnover of a company (whichever is higher)).

The Privacy and Data Protection Department examined this new regulation in depth in an alert, which is available in the related documentation.