The Court of Justice of the European Union (CJEU) is to rule on the legitimacy of data transfer arrangements between Europe and the US, in a decision that could have huge ramifications for transatlantic payments and e-money institutions.
On Tuesday the Irish High Court asked for EU judgement on an “unusual” case brought against Facebook Ireland, that claimed the company’s method of sharing data within the wider group did not abide by European privacy rules.
At the heart of the case is the social media giant’s use of “standard contractual clauses”, or “model clauses”, to transfer personal data from its Irish subsidiary to its US-based parent company, Facebook Inc.
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