How to deal with the personal data of EU customers? How to avoid a fine of up to 20 million euros or up to 4% of the company’s annual global turnover for the previous fiscal year, whichever is greater?
In order to answer these questions, we will define the territorial and subject matter scope of the GDPR, followed by a breakdown of the key concepts of the EU General Data Protection Regulation.
According to Article 3 GDPR applies:
According to Article 2, the GDPR does not apply:
This phrase is composed of two main parts, which are defined in Article 4 of the GDPR.
According to this article, they mean the following.
In case you have additional questions, please feel free to chat with our lawyers. Legarithm attorneys have significant experience in implementing GDPR compliance policies in their company’s operations.
1.Introduction. New wording of the Law. On 17 November 2023, the Draft Law on Amendments to the Tax Code and the Law of Ukraine on Virtual Assets (the "Draft Law") was submitted to the Verkhovna Rada. This Bill was long awaited because since the adoption of the Law on 17…
Estonia, due to its attractive legal regulation, favorable tax conditions and ease of administration, is popular among investors. Many entrepreneurs choose this particular jurisdiction to register their business. However, after registering the company, shareholders always face the question of how to distribute dividends in the company. Therefore, this article is…
Cyprus is often chosen as a place of incorporation for companies due to its favorable tax jurisdiction. This country has long been famous for its low tax rates, efficient company management, and high level of flexibility in solving legal business issues. In this article, we consider in detail one of…