The new GDPR, effective May 2018, significantly expands the application of EU data protection law by requiring US companies that maintain personal data on European citizens to comply with certain data protection requirements. According to a recent PwC survey, more than half of U.S. multinationals have identified the GDPR as their top data protection priority. Failure to comply with GDPR may cost businesses up to 4% of their global revenues in fines.

Counsel to US businesses and technology vendors must immediately determine if their clients’ vendor agreements are subject to the requirements of the GDPR. If so, counsel should guide their clients in carefully evaluating and amending the contracts to ensure they are in line with the new data protection standards.

Counsel should especially consider strengthening the terms of the vendor agreements addressing liability and indemnity in light of the potential for significant sanctions for noncompliance with the GDPR.

Mayer Brown partner Lei Shen will participate on a panel to explain the key requirements of the GDPR and steps companies and their counsel should take in advance of the May 2018 effective date of the expanded data protection law to ensure that their vendor contracts are in compliance.

Time: 1:00 p.m. – 2:30 p.m. EST

Fore more information, please visit the event website.