New Privacy Laws – NFIA EU GDPR Seminar Summary
(L) Yeo See Kiat, Executive Director, SGTech; (R) Elmar Bouma, Executive Director, NFIA SEA
On 23 April, SGTech members attended a seminar on the EU General Data Protection Regulation (GDPR), organized by the Netherlands Foreign Investment Agency (NFIA) in Singapore, in partnership with Kneppelhout Korthals Advocaten and supported by SGTech.
The seminar began with an introduction by Mr. Elmar Bouma, Executive Director of NFIA SEA, including Singapore, Indonesia, Vietnam, the Philippines, Australia, New Zealand. Mr. Bouma highlighted key advantages of making the Netherlands the gateway for businesses entering the European market. While the benefits of the Dutch business environment may be numerous, of particular note is the triple helix of cyber security, which brings together business, government and knowledge institutions to jointly collaborate in the following areas:
1. R&D / Innovation
2. Dissemination of Information
In the evolving world of data and privacy, this triple helix, in addition to a competitive tax climate, positions the Netherlands as a potentially attractive digital gateway to Europe.
Mr. Elmar Bouma, Executive Director, NFIA SEA
Following the opening, Mr. Yeo See Kiat, Executive Director of SGTech, outlined the data protection initiatives of SGTech’s Cyber Security Chapter. Highlighting recent regulatory changes in Singapore, such as the PDPA in 2016, Mr. Yeo drew distinct parallels between Singapore and Holland. Given the swift changes occurring globally in the areas of personal data, privacy and protection, Mr. Yeo acknowledged the need for companies and organizations in Singapore to prepare for the fast-paced climate of technological change.
Mr. Yeo See Kiat, Executive Director, SGTech
Following introductory remarks by SGTech and NFIA, Mr. Joost Vrancken-Peeters, Managing Partner of Kneppelhout Korthals Lawyers Asia Practice, lead a lively and engaging seminar on the GDPR coming into effect on 25 May, 2018 in the EU.
Joost Vracken-Peeters, Managing Partner, Kneppelhout Korthals Advocaten Asia Practice
Beginning his presentation on key themes, such as what defines personal data or privacy, Mr. Vrancken-Peeters brought the seminar participants directly to the core of GDPR’s objective. The key participants relevant to GDPR were outlined and defined:
1. Data Subject
4. Data Protection Authority (DPA)
5. Data Protection Officer (DPO)
The seminar reviewed the various requirements and changes to standard data protection, including Data Subject Rights and the protocols required in Data Breaches, Processing and Retention.
Mr. Joost Vrancken-Peeters answered numerous questions from the seminar attendees and gave practical tips, advice and best practices for businesses in Singapore with clients or colleagues in Europe currently, or companies seeking to enter the European market in the future. He highlighted the availability of resources and information to prepare for the changes required by GDPR and encouraged businesses to prepare accordingly.
The EU GDPR presentation from NFIA and Kneppelhout Korthals Advocaten is available upon request for SGTech members who could not attend the seminar.
Please note, the presentation is not legal advice. For a copy, please kindly contact: [email protected]
Published May 2018