How to Prepare for the GDPR for Japanese Companies
Jones Day Tokyo
Kamiyacho Prime Place
1-17, Toranomon 4-chome
Minato-ku, Tokyo 105-0001
In May 2016, the European Union ("EU") published the EU General Data Protection Regulation ("GDPR"). This major piece of legislation represents the most significant change in EU data protection law since 1995. It will apply in all EU Member States as of May 25, 2018.
The GDPR is a far- reaching legal instrument that will have a major impact on all companies involved in the processing of personal data, including many outside the EU. It will increase the penalties for noncompliance, with fines of up to €20 million, or four percent of annual worldwide turnover. In addition, supervisory authorities will have a number of broad powers.
To help Japanese companies prepare for the GDPR in this short period, the seminar explained how to prepare for compliance with the new legal framework.