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5 January 2021

Brexit: How to transfer Personal Data to the UK and Implications for M&A Transactions in Progress

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24 December 2020, following four years of intensive negotiations, the EU-UK Trade and Cooperation Agreement (“the Brexit Agreement”) was finally agreed on between the European Commission and the British government.

The overall purpose of the Brexit Agreement is to regulate the future relationship between EU and the UK, as the UK will fundamentally be considered as a “third country” as of 1 January 2021.

The consequences of the new status of the UK as a third country are still unclear, as this has not been fully regulated in the Brexit Agreement. It is certain, however, that the new status of the UK will affect many legal and corporate issues, one of them being the future transfer or receipt of personal data from the UK.

Pernille Nørkær

Partner

+45 30 37 96 40

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Sarah Veje Rasmussen

Senior Associate

+45 30 37 96 62

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