European Commission President Ursula von der Leyen and US President Joe Biden have announced the EU and US have reached a preliminary agreement in principle for a replacement to the Privacy Shield data transfer agreement. Negotiators have been working on a replacement agreement since the CJEU struck down the Privacy Shield agreement in July 2020 because of the surveillance activities of US national security agencies. Rumours of a breakthrough began circulating yesterday, with US officials believing the war in Ukraine could help resolve the long-running dispute.
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