Thousands of companies await EU ruling on U.S. data privacy pact


By Julia Fioretti BRUSSELS (Reuters) – A ruling due next week from the EU's top court on a long-running transatlantic pact on private data could affect all legal ways of moving such data from Europe to the United States, lawyers say, potentially disrupting the everyday online transactions of thousands of companies. Under current European privacy laws companies are forbidden from transferring European citizens' personal data to countries deemed to have lower privacy standards – such as the United States.

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