Introduced last year, GDPR legislation carries serious repercussions for companies who breach compliance. The penalties include fines of up to €10 million for companies that fail to protect the personal data of their customers or staff.
Clearly, the standards imposed under the General Data Protection Regulation (GDPR) raise some practical issues in corporate transactions.
The company’s regulatory obligations must be adhered to by its board and, interestingly, an imminent sale does not absolve the board...
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