The European Commission approved an adequacy decision that brings the EU-US Privacy Shield into effect.  The final version of the Privacy Shield represents a significant compromise by both sides, and provides a workable new mechanism for transferring personal data about EU residents to the United States, replacing the former Safe Harbor.  However, there will certainly be challenges to the agreement from the EU side, and ongoing turbulence over data flows in the huge trans-Atlantic trading relationship between the United States and EU (the world's largest bilateral trading relationship).  U.S. companies can begin self-certifying under the Privacy Shield on August 1.