Brexit To Further Splinter Global Data Protection Rules
June 24, 2016
The U.K.’s decision to pull out of the European Union is likely to eventually result in the creation of new data protection and transfer agreements that, while similar to the EU’s current regime, will contain deviations that could leave companies to grapple with divergent standards and duplicative enforcement, attorneys say.
In a historic decision that sent shock waves across the globe, British citizens voted Thursday to end their 43-year membership in the EU and its predecessors after a late surge in support for the “leave” campaign. Nearly 52 percent of voters came out in favor of the so-called Brexit, while only 48 percent supported staying in the bloc, the U.K.’s Electoral Commission announced Friday morning.