Nicholas Elliott reports:
From now on it’s going to be more complicated to do business in Germany, the fifth largest trading partner of the U.S. Angered by news that the U.S. National Security Agency’s electronic surveillance efforts included Germans, that country’s data-protection body declared last month that most data transfers to the U.S. breach its laws.
This stance affects not only data transfers for which companies seek approval but also those covered under safe-harbor provisions of European law, according to law firm TaylorWessing.
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