The EU Parliament Committee on Civil Liberties, Justice, and Home Affairs (“LIBE”) finally released the text of the long anticipated new data protection law. While the law has not formally been enacted, its adoption at this point is considered pro forma. Once adopted, its provisions will go into effect in spring of 2018. The hope, and expectation, is that the GDPR will cause the EU to have a much more harmonized approach to data protection.

Here is what companies doing business in the EU need to know about the new General Data Protection Regulation (GDPR or Regulation)….