EU Data Act - Now formally adopted
November 10, 2023
On 9 November 2023, the EU Data Act (Data Act) was formally and overwhelmingly adopted by the European Parliament. The Data Act has since been approved the EU Council (on 27 November). Accordingly, the Data Act will be published in the Official Journal in the coming weeks (and will come into force on the twentieth day after publication). Following which, each EU Member State will have 20 months to incorporate it into their domestic law.
In this briefing, we discuss the implications for trade secrets, data transfers and smart contracts, and how organizations can prepare for implementation.
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