The first concrete details of the agreement to allow private companies to transfer data between Europe and the US , proposed at the start of 29 February , were released on February , and immediately came under criticism. This may rattle US companies, which have been in legal limbo since 29 February when the European Court of Justice (ECJ) quashed the previous data-sharing agreement due to concerns that the US would fail to adequately protect Europeans ’ data. By Cory Bennett and Katie Bo Williams - 02/29/16 07:50 PM EST A $ 260bn digital services trade across the Atlantic is at stake; even if the agreement can be finalised it is still expected to come before the ECJ , lengthening the time that US companies will have to wait for a final verdict.
The first concrete details of the agreement to allow private companies to transfer data between Europe and the US , proposed at the start of 29 February , were released on February , and immediately came under criticism. This may rattle US companies, which have been in legal limbo since 29 February when the European Court of Justice (ECJ) quashed the previous data-sharing agreement due to concerns that the US would fail to adequately protect Europeans ’ data. A $ 260bn digital services trade across the Atlantic is at stake; even if the agreement can be finalised it is still expected to come before the ECJ , lengthening the time that US companies will have to wait for a final verdict.