3 ms·
IANAL but I agree. If an entirely US based company was found guilty in a court of law in the EU, but has no business interests in EU, and has no assets of any k
by zie 9y ago
IANAL but I agree. If an entirely US based company was found guilty in a court of law in the EU, but has no business interests in EU, and has no assets of any kind, then the most the EU could do is ask the US politely to do something about the company FOR THEM. the US would have no requirement (unless there is some treaty around this I'm unaware of) to do anything about it.
If they had assets of some kind in the EU country, they could capture those assets presumably.
But from what I understand with the GDPR at least at the beginning of this, is the EU govt will first try to work with the company to help them comply, before going to such drastic measures as courts and seizing assets.
I imagine the large giants like Facebook, etc will just negotiate through their army of lawyers to minimize the effects of GDPR as much as possible, and delay as long as possible. Before ultimately implementing ~ 1/2 of the best intentions behind the GDPR in about a decade or so.