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POST GDPR huh what is it good for

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Wim Nauwelaerts, a lawyer with Sidley Austin in Brussels, says each country has enough discretion under GDPR that there could still be a lot of differences, forcing companies with operations across Europe to comply with multiple, potentially contradictory privacy regimes. “What was the purpose, then,” Nauwelaerts asks, “of having a GDPR in the first place?”

From It’ll Cost Billions for Companies to Comply With Europe’s New Data Law - Bloomberg.

 

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Consequently, rather than increasing competition, the nature of transaction costs implied by privacy regulation suggests that privacy regulation may be anti-competitive.”

It is quite likely, that, blinded by their hatred of the American-dominated tech world, EU lawmakers have elected to ignore this research.

From Dealing with the privacy paradox – Monday Note.

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The world’s 500 biggest corporations are on track to spend a total of $7.8 billion to comply with GDPR, according to consultants Ernst & Young.

From It’ll Cost Billions for Companies to Comply With Europe’s New Data Law - Bloomberg.

 

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