Partner Loyaan Egal has commented on new US Department of Justice guidance regarding the restriction of access to bulk sensitive personal data and US government-related data by China and other countries identified as “countries of concern.” This guidance affects how American companies handle data transactions with foreign entities.
Egal emphasized the importance for US businesses to conduct thorough reviews of potential business partners. This includes examining internal bylaws, ownership structures, parent companies, and affiliates before proceeding with any sale or licensing agreements involving sensitive data.
“Even on its face, if it’s not a company that is domiciled in a country of concern or a foreign adversary… it still requires you to do that level of due diligence,” stated Egal.
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