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Dragos Radu, EY Law: GDPR can generate a new wave of collective lawsuits against companies that have large client portfolios

Dragos Radu, EY Law: GDPR can generate a new wave of collective lawsuits against companies that have large client portfolios

ERNST & YOUNG SRL

15 Feb 2018

Beyond an awareness of the importance of respecting and assuring the rights of the individuals concerned, the increased interest in GDPR provisions has been created by the harsh sanctions that the new law provides

Specifically, depending on the obligations that were violated and the severity of the situation, companies are liable to administrative fines of up to EUR 20 million or up to 4% of the global annual turnover corresponding to the previous financial year, taking into account the most great value among them.

For complete information, please see the Romanian version of the article, here.

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ERNST & YOUNG SRL

ASSURANCE SERVICES Statutory audits; Audits of IFRS or US GAAP…

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Tags : gdpr , sanctions

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