On 7 May, an article from Bryan Cave Leighton Paisner LLP says that the final publication of new Standard Contract Clauses (SCC) is imminent (they are expected in May), and then the 1-year clock for transitioning to the new SCC will start ticking. It says that the message from EU regulators is that they expect companies to make the transition and also continue to take steps to address the requirements established by Schrems II decision sooner rather than later, regardless of the effort involved. The article provides a brief description of the new (and still draft) SCC and the firm’s recommended steps for preparing for this transition.
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