Facebook Inc. warned the European Union’s top court that toppling a key system used by companies to transfer data out of the EU would threaten trans-Atlantic trade, in the latest twist of a six-year-old saga pitting the social media giant against privacy activist Max Schrems.
Facebook lawyers told the EU Court of Justice that the lawsuit threatens contractual clauses that companies rely on to transfer commercial data overseas. The new protocol was used as the only reliable option after Schrems won an earlier case throwing out an EU-U.S. data accord.
The first Schrems case led to a surprise ruling in ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.