In order to manage the privacy and operational challenges of implementing Model Contract Clauses (MCC) to maintain compliance with EU data protection laws, TRUSTe has introduced a new Model Contract Clause privacy assessment and partnered with PactSafe and a number of leading law firms.
This solution comes after the Oct. 6th ruling by the European Court of Justice, which invalidated the U.S.-EU Safe Harbor framework.
“The Safe Harbor Ruling has left many companies rudderless without a clear way to stay compliant with EU rules,” said Chris Babel, CEO of TRUSTe. “While the prospect of a new Safe Harbor 2.0 agreement appears promising, our new assessment and these partnerships we’re announcing today, will help companies act now to streamline their Model Contract Clause compliance and meet the January 31st deadline.”
TRUSTe has partnered with a number of leading international law firms who can advise companies with the legal aspects of Model Contract Clause compliance. Once the appropriate Model Contract Clauses are identified, PactSafe and TRUSTe work together to streamline the process of contract agreement with clients and partners, and provide risk assurance that the privacy components are being honored throughout the business.
PactSafe handles contract distribution with its automated contract management tools. TRUSTe provides a full privacy assessment against the requirements under the EU Data Protection Directive 95/46/EC using its automated Assessment Manager platform.
Further details about this new Model Contract Clause / Standard Contract Clause privacy assessment are available here and read the press release here.