Baker & McKenzie’s global presence means we are strategically placed to advise on international data privacy issues. Due to the implementation of the European Union Directive and increasing concern with data privacy worldwide, our GES lawyers devote a significant amount of time assisting multinational companies on their compliance with data privacy laws affecting equity compensation and benefit plans on a global basis.
The advice we provide is instrumental in helping companies assess their risk with respect to compiling personal data and transferring it to other entities in other countries, particularly to countries the European Commission has determined to have inadequate safeguards for the protection of data, such as in the US. Our GES lawyers work closely with our local offices to prepare data privacy filings in conjunction with equity incentive plans and general employee personnel databases.
In addition, we provide clients with updates on changes in data privacy laws in foreign countries and the US on a timely basis to ensure they are aware of such changes and can take appropriate action to comply with current laws or safe harbor alternatives.