WilmerHale's teleconference discusses the European Commission's February 29, 2016 release of the framework for the EU-US Privacy Shield, which replaces the invalidated transatlantic Safe Harbor Program, a system that had authorized thousands of US companies to receive and process personal information from data controllers in the European Union. During the teleconference, WilmerHale Partners Dr. Martin Braun and Reed Freeman summarize the Privacy Shield documents released on February 29 and discuss the obligations and recourse mechanisms that are new to US business.