Key takeaways: EU-US Privacy Shield invalidated by the CJEU Standard Contractual Clauses found to be valid; however, additional clarifications provided Further guidance and statements expected Register for our reactionary webinar at 11 AM ET / 4.00 PM BST later today here The Court of Justice of the European Union ('CJEU') announced, on 16 July 2020, that it had issued its judgment in Data Protection Commissioner v. Facebook Ireland Limited, Maximillian Schrems (C-311/18) ('the Schrems II Case'). In particular, the CJEU declared the Commission Implementing Decision (EU) 2016/1250 of 12 July 2016 pursuant to Directive 95/46/EC of the European Parliament and of the Council on the Adequacy o