By the nature of what they do, trust & estate practitioners hold and process a significant amount of information belonging to a wide range of individuals – including information relating to their employees and to settlors, beneficiaries and family members. This brings data protection law into play, which imposes a wide variety of obligations – some of which have presented significant issues for trust & estate practitioners. Everything is now about to change once again in relation to data protection law with the advent of the EU's General Data Protection Regulation. This new Regulation, due to come into force in 2018, will transform data protection in Europe and beyond. The new Regulation will have a significant degree of extraterritorial effect and Channel Islands’ businesses should begin to prepare themselves now for the likelihood that they will have to comply with its terms.
Huw Thomas will cover the following:
- What the current data protection landscape in Jersey looks like
- The terms of the new Regulation and how it differs from the current regime
- What businesses need to know about the new Regulation
- How to prepare for the new Regulation (and when)
Keith Dixon and Victoria Grogan will cover the following:
- What are digital assets?
- Who owns them?
- Accessing digital assets
- Can digital assets be inherited and if so how?
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