Cadwalader, established in 1792, serves a diverse client base, including many of the world's leading financial institutions, funds and corporations. With offices in the United States and Europe, Cadwalader offers legal representation in antitrust, banking, corporate finance, corporate governance, executive compensation, financial restructuring, intellectual property, litigation, mergers and acquisitions, private equity, private wealth, real estate, regulation, securitization, structured finance, tax and white collar defense.
President Donald J. Trump signed an Executive Order titled
"Enhancing Public Safety in the Interior of the
United States." The Order has sparked significant debate
as to the effect on privacy rights of non-U.S. persons. Section 14
of the Executive Order provides that:
"Agencies shall, to the extent
consistent with applicable law, ensure that their privacy policies
exclude persons who are not United States citizens or lawful
permanent residents from the protections of the Privacy Act
regarding personally identifiable information."
In a related
memorandum, Cadwalader attorneys
Steven Baker,
Jenna Rennie and
Janaki Tampi examined why, despite initial concerns raised over
the Executive Order's exclusionary language, it should not have
an immediate negative impact on the privacy protection arrangements
between the EU and the US.
Commentary / Steven Baker
Continued uncertainty persists for EU and U.S.-based companies
that are currently reliant on the provisions of the Privacy Shield
to ensure their business operations comply with EU data protection
requirements. Even though no immediate action is required,
companies will need to carefully watch developments on both sides
of the Atlantic.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
