The European Union’s justice chief played down warnings that the wheels of commerce could grind to a halt after a landmark EU court ruling this week on trans-Atlantic data transfers.
The European Union has done its homework to prevent a repeat of the turmoil of five years ago when the bloc’s top court threw out a data-transfer process that thousands of companies relied on to ship commercial data to and from the United States, Justice Commissioner Didier Reynders said in an interview.
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