On February 3, the EU’s privacy poohbahs gave their reaction to the announcement of the EU-U.S. “Privacy Shield.”  The good news is that the Article 29 Working Party, or “WP29” (a collection of the EU member states’ data protection authorities) backed off its earlier threat to start “coordinated enforcement actions” against companies transferring personal data to the United States if a Safe Harbor replacement wasn’t in place by the end of January.  The WP29 also indicated that the main alternative transfer mechanisms ‒ “standard” or “model” contractual clauses and “binding corporate rules” (BCRs) ‒ are still valid.  The bad news is that the WP29 may start investigating the use of standard contractual clauses and BCRs as early as March.  Worse, the criteria that the group will apply in assessing the validity of all transfers of personal data to the United States seem impossible to meet.