[Consulting] English Terms of Service and Privacy Policy Legal Consultation for GDPR Compliance]
Article posted in 2022-03-17 11:21:11 | VEAT
Law firm Veat took on a request from A, a game development specialist company, to provide online services directly in the European region, performing GDPR (General Data Protection Regulation) consulting for processing personal information required when providing online services.
Law firm Veat, based on the content of the online services that A, a game development specialist company, wanted to offer in Europe, provided guidance on GDPR (General Personal Information Protection Act) content regarding the collection and processing of personal information in Europe. It also provided Privacy Policy (Personal Information Protection Policy), English Terms of Use, and various consent phrases.
Are we subject to GDPR?
The European Union implemented GDPR (General Personal Information Protection Act) from May 25, 2018, to ensure that all companies and organizations dealing with the personal data of EU residents comply with extensive regulations related to privacy protection. Specifically, in addition to companies operating European business locations that process personal information, and reverse-facing companies processing personal information through e-commerce or monitoring the activities of EU residents, GDPR must be complied with.
What happens if GDPR is violated?
If GDPR (General Personal Information Protection Act) is violated, depending on the severity of the violation, in the case of a general GDPR regulation violation, a penalty of either 2% of the company's worldwide revenue for the preceding fiscal year or 10 million euros (whichever is greater) may be imposed. In the case of a serious GDPR regulation violation, a penalty of 4% of the company's worldwide revenue for the preceding fiscal year or 20 million euros (whichever is greater) may be imposed.
The number of GDPR violations is trending upwards, and the cases have been tallied in order of lack of lawful processing of personal information, insufficient technical and administrative protection measures for personal information protection, and lack of personal information processing principles.
If you are planning to enter the European market (EU), thorough preparation for GDPR compliance is necessary. Law firm Veat has performed numerous GDPR consultations and, with its accumulated experience and know-how, provides assistance to ensure that companies can successfully and stably enter Europe.
Thank you.