Final Versions of Standard Contractual Clauses Adopted!

Three years after the General Data Protection Regulation (GDPR) came into effect, the European Commission has issued the much-awaited final version of two new sets of Standard Contractual Clauses that are expected to enable data controllers and processors to address some of the thorny issues in the transfer of personal data of EU/EEA citizens. The press release of the EU Commission, dated June 4, 2021, is available here.Five New TemplatesAs anticipated from prior drafts, the new Standard Cont…