Liechtenstein is one of the microstates in Europe that is part of the European Economic Area, the Schengen Area although it is not a member of the EU. The General Data Protection Regulation (GDPR), which entered into force in May this year, is also applicable in Liechtenstein as it is in Austria and the rest of the EU.
The GDPR applies to data controllers and processors in the EU but also contains extra-territorial provisions. Our team of lawyers in Liechtenstein is ready to assist you with special legal services and counseling in all matters related to personal data processing for companies in the country.
The GDPR allows for better control over the data that is shared and how this process takes place. Companies in Liechtenstein and in the rest of the EU, as well as non-EU companies that have clients in the Union and process their personal and/or sensitive data, must comply with the six principles for data quality. At the same time, personal data processing is also subject to several other conditions, among which the consent of the subject is of extreme importance.
A noticeable change that is brought by the GDPR is that the fines for non-compliance are significant. The regime demands that fines of up to 4% of the company’s annual worldwide turnover or 20 million euros (whichever amount is larger) can be forced upon those corporations that do not observe these new data privacy principles. Our team of attorneys in Liechtenstein can help you with information on the fines but also on the powers of the subjects in those cases when they make claims for material and non-material compensations.
The experts at our law firm in Liechtenstein can help you with a number of legal services that target the lawful implementation of these new data protection practices. For this purpose, we can help you with the following:
For more information about the laws for data protection as well as other legal issues, please do not hesitate to contact our lawyers in Liechtenstein.