Auditors ✓ Lawyers ✓ Tax advisors ✓ and business consultants ✓ : Four perspectives. One solution. Worldwide. Learn …
Auditing and audit-related advice for companies ✓ Experienced auditors ✓ Excellent advice ✓ Tailor-made solutions » …
Our clients entrust us with their most important legal matters. Learn more about our legal services!
Tax laws are complex and dynamic. We face the challenge of tax law together with you - find out more.
Business consulting for companies ✓ Experienced consultants ✓ Excellent advice ✓ Tailor-made solutions » more
In-house or outsourcing? Strategic decisions in accounting
Avoid shareholder conflicts: Structure instead of ambiguity
How far can the rights of a criminal defense insurer extend?
EU “Omnibus” Package: Less effort for sustainability reporting?
Baker Tilly starts the year 2025 with 23 new Directors
Challenges in corporate finance: Baker Tilly at Structured FINANCE 2024
Pay slips are purely information documents
Financing and funding: realignment in the coalition agreement
Accounting in corporate groups: Standardized structures instead of isolated solutions
Survey: Two thirds of German automotive suppliers anticipate a market shakeout
Public procurement: Legally compliant procurement of cyber insurance
Countdown to September – The EU Data Act and its implications
Cross-industry expertise for individual solutions ✓ Our interdisciplinary teams combine expertise & market …
Baker Tilly advises biotech startup Real Collagen GmbH investment by US investor
Energy study: Uncertainty slows down investments by industry and utilities in Germany
Risk management ✓ Compliance and controls ✓ Increase and ensure security & conformity ✓ more»
Baker Tilly offers a wide range of individual and innovative consulting services. Find out more!
Ireland’s data protection authority has imposed a record fine of EUR 1.2 billion against Meta. Furthermore, all personal data must be filed in data centers located in the European Union in future, and no longer in the US. Meta has been given a period of 5 months in oerder to stop transferring data to the US and of 6 months in order to retrieve the data.
The decision, which Meta plans to appeal, is the latest in a years-long legal tug-of-war. Section 702 of the Foreign Intelligence Surveillance Act allows US intelligence agencies to obtain emails and other customer communications from US companies without court approval. The privacy provisions apply only to US citizens and residents. Although the EU has repeatedly urged US companies to protect European data from such access, this has never been fully implemented.
Unless US surveillance laws are changed, Meta must now fundamentally restructure its system. At the heart of the penalty is the fundamental legal conflict between US government regulations and European data protection law. The US Congress is waiting for an update to FISA Section 702; however, the privacy rights of non-US citizens have not been addressed in the debate so far.
Time will tell whether a court will uphold this decision. However, the transfer of data to the US has long been a problem and a risk that should not be taken lightly. The decision comes at the same time as the Data Protection Conference statement, which tightens the requirement for cloud providers outside the EU or secure third countries.
View all news