The European Court of Justice ruled with the Scherms II judgment the invalidity of the so-called Privacy Shield, which guaranteed the transfer of personal data from the European Union to companies established in the USA. The Court stated that the legal shield ensured by the Commission Decision 2016/1250 did not give adequate guarantees, enforceable rights and effective remedies in the USA at the same level established by the GDPR, since access by the public authorities of that country was possible.
Offer and admission
Consob on 9 July 2020 approved the Communication no. 7/2020 on the control criteria of