{"id":6837,"date":"2022-04-04T12:14:26","date_gmt":"2022-04-04T10:14:26","guid":{"rendered":"https:\/\/it-landgraf.de\/?p=6837"},"modified":"2022-04-04T12:14:27","modified_gmt":"2022-04-04T10:14:27","slug":"corporate-transactions-and-the-gdpr-data-protection-obstacles-in-due-diligence-and-asset-deals","status":"publish","type":"post","link":"https:\/\/it-landgraf.de\/en\/corporate-transactions-and-the-gdpr-data-protection-obstacles-in-due-diligence-and-asset-deals\/","title":{"rendered":"CORPORATE TRANSACTIONS AND THE GDPR: DATA PROTECTION OBSTACLES IN DUE DILIGENCE AND ASSET DEALS"},"content":{"rendered":"\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-hxlbd6-9cde42b1ae26d1df10b92c696c041940\">\n.avia-section.av-hxlbd6-9cde42b1ae26d1df10b92c696c041940{\nbackground-repeat:no-repeat;\nbackground-image:url(https:\/\/it-landgraf.de\/wp-content\/uploads\/3629.jpg);\nbackground-position:0% 0%;\nbackground-attachment:scroll;\n}\n<\/style>\n<div id='av_section_1'  class='avia-section av-hxlbd6-9cde42b1ae26d1df10b92c696c041940 main_color avia-section-default avia-no-shadow  avia-builder-el-0  el_before_av_section  avia-builder-el-first  hide_on_print avia-full-stretch avia-bg-style-scroll av-minimum-height av-minimum-height-40 av-height-40  container_wrap sidebar_right'  data-section-bg-repeat='stretch' data-av_minimum_height_pc='40' data-av_min_height_opt='40'><div class='container av-section-cont-open' ><main  role=\"main\" itemprop=\"mainContentOfPage\"  class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-6837'><div class='entry-content-wrapper clearfix'>\n<\/div><\/div><\/main><!-- close content main element --><\/div><\/div><div id='av_section_2'  class='avia-section av-gcpcii-2c070babb99cd7163bf71b4205533d1a main_color avia-section-default avia-no-shadow  avia-builder-el-1  el_after_av_section  avia-builder-el-last  avia-bg-style-scroll container_wrap sidebar_right'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-6837'><div class='entry-content-wrapper clearfix'>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-1e6rui-26a5a29759838708c2ed2e7afac3e77d\">\n.flex_column.av-1e6rui-26a5a29759838708c2ed2e7afac3e77d{\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-1e6rui-26a5a29759838708c2ed2e7afac3e77d av_two_third  avia-builder-el-2  el_before_av_two_third  avia-builder-el-first  first flex_column_div av-zero-column-padding  '     ><style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-l1khek6b-c4f8966be0ff0f0bae2499659c2cbf48\">\n#top .av-special-heading.av-l1khek6b-c4f8966be0ff0f0bae2499659c2cbf48{\npadding-bottom:10px;\n}\nbody .av-special-heading.av-l1khek6b-c4f8966be0ff0f0bae2499659c2cbf48 .av-special-heading-tag .heading-char{\nfont-size:25px;\n}\n.av-special-heading.av-l1khek6b-c4f8966be0ff0f0bae2499659c2cbf48 .av-subheading{\nfont-size:15px;\n}\n<\/style>\n<div  class='av-special-heading av-l1khek6b-c4f8966be0ff0f0bae2499659c2cbf48 av-special-heading-h1 blockquote modern-quote  avia-builder-el-3  avia-builder-el-no-sibling '><div class='av-subheading av-subheading_above'>4. April 2022\n<\/div><h1 class='av-special-heading-tag '  itemprop=\"headline\"  >CORPORATE TRANSACTIONS AND THE GDPR: DATA PROTECTION OBSTACLES IN DUE DILIGENCE AND ASSET DEALS<\/h1><div class=\"special-heading-border\"><div class=\"special-heading-inner-border\"><\/div><\/div><\/div><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-cfnray-7a17fb521a70cdd74f0b4db1b8aa361d\">\n.flex_column.av-cfnray-7a17fb521a70cdd74f0b4db1b8aa361d{\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-cfnray-7a17fb521a70cdd74f0b4db1b8aa361d av_two_third  avia-builder-el-4  el_after_av_two_third  el_before_av_two_third  first flex_column_div av-zero-column-padding  column-top-margin'     ><section  class='av_textblock_section av-l1khf5bm-7c90b646cc262adab3499e16c5bf22fe '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p><strong>The GDPR is not only omnipresent on the Internet, where it says &#8220;We use cookies&#8221; e.g. on websites of bakeries, but it also has an impact on (almost) every area of law, including the transaction business. In order to illustrate this, two aspects will be examined in more detail below, firstly the data protection law factors in due diligence in the preliminary stages of a sale, and secondly the handling of personal data by the buyer after an asset deal. In both cases, a &#8220;standard market&#8221; approach has not yet developed.<\/strong><!--more--><\/p>\n<\/div><\/section><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-aa0u0q-cf5ec29884931644351edf26327cd3c6\">\n.flex_column.av-aa0u0q-cf5ec29884931644351edf26327cd3c6{\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-aa0u0q-cf5ec29884931644351edf26327cd3c6 av_two_third  avia-builder-el-6  el_after_av_two_third  el_before_av_one_third  first flex_column_div av-zero-column-padding  column-top-margin'     ><section  class='av_textblock_section av-l1khir02-7aed02bacae70c4095af4a04c19f6594 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><h2>I. General Data Protection Requirements under the GDPR<\/h2>\n<p>The GDPR (General Data Protection Regulation), as EU law directly applicable in Germany, predominantly contains all relevant data protection requirements. In some cases, however, there are national opening clauses, such as in Article 88 GDPR for special provisions in connection with the personal data of employees, for example \u00a7 26 Federal Data Protection Act (<em>Bundesdatenschutzgesetz <\/em>\u2013 BDSG).<br \/>\nPursuant to Article 6 (1) GDPR, any processing of personal data must be based on a permission to use (<em>Erlaubnistatbestand<\/em>) in order to be lawful. In this context, the term personal data is to be understood broadly and, according to Article 4 No. 1 GDPR, generally includes all information relating to a &#8211; at least identifiable &#8211; natural person. In this respect, the provisions of the GDPR do not apply if the reference to a person is removed by anonymization. This can be done, for example, by blackening the documents concerned. It must be taken into account that merely pseudonymizing the data is not sufficient. It is a mere pseudonymization if the reference to a person can be re-established through the use of further documents.<br \/>\nA processing according to Article 4 No. 2 GDPR is basically always present in the case of a procedure that is related to personal data &#8211; such as the collection, recording or storage of such data. In this respect, it is easy to imagine that data processing within the meaning of the GDPR exists in many situations. However, the GDPR provides for relatively far-reaching permissions to use in Article 6 (1) as a corrective. Consent (<em>the acceptance of cookies in the example above<\/em>) is a typical permission to use.<br \/>\nSuch a type of justification is likely to be ruled out on a regular basis in the context of an asset deal or due diligence with regard to personal data (e.g. of employees). This may be because the planned transaction is still to be kept confidential and the (comprehensive) obtaining of consent would conflict with this, or because blanket consent in general terms and conditions or employment contracts is not compatible with the requirements for consent under the GDPR and is therefore likely to be invalid, so that other grounds for justification must exist in principle.<br \/>\nThe processing just mentioned above is always carried out by one or more data controllers within the meaning of Article 4 No. 7 GDPR. The controller is usually the legal entity or natural person who decides on the purposes and means of data processing. This person is the addressee of the regulations to be observed.<\/p>\n<h2>II. Possibilities and Justification in Due Diligence<\/h2>\n<p>In the course of a due diligence, the buyer and seller must first examine the relationship (under data protection law) between them. Often, both will be so-called joint controllers within the meaning of Article 26 GDPR. This is always the case if at least two data controllers jointly decide on the purpose and means of data processing. In this context, the transfer of data in the course of due diligence already constitutes a processing operation under data protection law. The consequence of such cooperation is, on the one hand, that the joint controllers must conclude a written agreement on this topic, in which, in particular, the transparency of the processing vis-\u00e0-vis the data subjects must be regulated. Such an agreement can probably be concluded together with the Letter of Intent that regularly precedes a due diligence. On the other hand, joint controllers are jointly and severally liable for damages resulting from unlawful data processing.<br \/>\nThe justification for processing personal data in a due diligence is often likely to be the protection of the legitimate interests of the responsible parties (Article 6 (1) subpara. 1 f) GDPR). However, it must be analyzed in each individual case which data is actually necessary and which data may only be provided in anonymized form. The effort required for such anonymization should not be underestimated.<br \/>\nWhether the persons affected by the data processing have to be informed about the data processing and the joint responsibility within the scope of a due diligence, as generally provided for by the GDPR, has not been clarified; however, it is sometimes argued that this may not be required.<\/p>\n<h2>III. Handling of Personal Data after Completion of an Asset Deal<\/h2>\n<p>As a rule, a company is sold either by way of an asset deal (sale of all assets and economic goods) or a share deal (sale of the shares in a company). The topics addressed below only relate to an asset deal, as the data controller remains the same person in the case of a share deal.<br \/>\nWith regard to the handling of personal data after the execution of an asset deal, a distinction must be made in particular between two groups of persons typically affected.<br \/>\nThose affected by an asset deal are initially the employees of the company sold. An asset deal usually constitutes a transfer of business (<em>Betriebs\u00fcbergang<\/em>) within the meaning of \u00a7 613a German Civil Code (<em>B\u00fcrgerliches Gesetzbuch<\/em> &#8211; BGB), in which the buyer generally assumes the obligations of the seller as employer. In this context, a transfer of employee data is likely to be necessary. However, the transfer of the business as such does not yet constitute a justification under data protection law for the transfer of the personal data. In fact, an element of permission can arise either from consent or a works agreement (<em>Betriebsvereinbarung<\/em>) pursuant to \u00a7 26 para. 2 BDSG. If neither consent nor a works agreement exists, the disclosure of personal data may also be justified pursuant \u00a7 26 para. 1 BDSG or Article 6 (1) subpara. 1 f) GDPR because the data processing is necessary. In order to check whether the processing of data is necessary, the interests of the data subjects must always be weighed against those of the person processing the data.<br \/>\nIn addition to employee data, the seller&#8217;s customer data is also regularly at stake &#8211; this is often likely to be one of the main incentives for the transaction.<br \/>\nIn the case of customer data, a distinction is generally made under data protection law between the data of customers with current contracts and data of old or existing customers. In principle, the transfer of customer data is likely to be justified in accordance with Article 6 (1) subpara. 1 b) GDPR for the purpose of fulfilling the contract if the customer is one with whom a continuing obligation exists that has not been terminated.<br \/>\nIn other respects, justification is more difficult. Data from existing customers &#8211; i.e., those for whom the last &#8220;active&#8221; contractual relationship was 3 or more years ago &#8211; may generally only be disclosed in order to comply with statutory retention periods. In the case of existing customers whose last contractual relationship was less than 3 years ago, the transfer should be permissible pursuant to Art. 6 (1) subpara. 1 f) GDPR if the respective customers are notified in advance and are given the opportunity to object within a reasonable period of time (6 weeks should generally be appropriate).<br \/>\nIn some cases, it is also argued that if the &#8220;entire&#8221; business is sold, such an option to object is not necessary.<br \/>\nHowever, it is still unclear which direction the courts will take with regard to data protection regulations in the case of an asset deal, so that in case of doubt, it is better to offer one too many options for consent or objection than too few.<\/p>\n<h2>IV. Consequences of Violations<\/h2>\n<p>Successfully asserting a claim for damages on the part of data subjects whose data has been processed unlawfully is often likely to be difficult, as the burden of proof of damage on the part of the aggrieved party is likely to be very difficult. The fact that the data protection regulations in the context of transaction business are not just blunt swords is shown by the fact that the respective supervisory authorities make use of the possibility to impose fines in the event of violations. This is clearly demonstrated by the example of the Bavarian State Data Protection Office, which imposed a five-digit fine on both the seller and the buyer in connection with an asset deal &#8211; despite the fact that the GDPR was not yet in force &#8211; because e-mail addresses of customers were not transferred in compliance with data protection law during the sale of an online store.<\/p>\n<h2>V. Conclusion<\/h2>\n<p>The issue of data protection is also present in transactions and, as the fines imposed show, is also highly relevant and explosive.<br \/>\nHowever, there are still no clear guidelines on how to deal with these regulations in corporate transactions. In this respect, it will probably always depend on the individual case and be necessary to examine precisely which personal data may be processed to what extent and in what manner in order not to be exposed to an excessive liability risk.<\/p>\n<\/div><\/section><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-8h6xyi-578e324cf61ae41545079ab8e0839e5e\">\n.flex_column.av-8h6xyi-578e324cf61ae41545079ab8e0839e5e{\nborder-radius:0px 0px 0px 0px;\npadding:7px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-8h6xyi-578e324cf61ae41545079ab8e0839e5e av_one_third  avia-builder-el-8  el_after_av_two_third  avia-builder-el-last  sy-only-desktop hide_on_print flex_column_div  column-top-margin'     ><p><div  class='avia-builder-widget-area clearfix  avia-builder-el-9  el_before_av_textblock  avia-builder-el-first '><section id=\"categories-3\" class=\"widget clearfix widget_categories\"><h3 class=\"widgettitle\">Newsletter issues<\/h3>\n\t\t\t<ul>\n\t\t\t\t\t<li class=\"cat-item cat-item-265\"><a href=\"https:\/\/it-landgraf.de\/en\/category\/2025-q3-en\/\">2025 Q3<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-267\"><a href=\"https:\/\/it-landgraf.de\/en\/category\/2025-q4-en\/\">2025 Q4<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-272\"><a href=\"https:\/\/it-landgraf.de\/en\/category\/2026-q1\/\">2026 Q1<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-263\"><a href=\"https:\/\/it-landgraf.de\/en\/category\/2025-q2-en\/\">2025 Q2<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-261\"><a href=\"https:\/\/it-landgraf.de\/en\/category\/2025-q1-en\/\">2025 Q1<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-254\"><a href=\"https:\/\/it-landgraf.de\/en\/category\/2024-q4-en\/\">2024 Q4<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-250\"><a href=\"https:\/\/it-landgraf.de\/en\/category\/2024-q3-en\/\">2024 Q3<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-242\"><a href=\"https:\/\/it-landgraf.de\/en\/category\/2024-q2-en\/\">2024 Q2<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-238\"><a href=\"https:\/\/it-landgraf.de\/en\/category\/2024-q1-en\/\">2024 Q1<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-227\"><a href=\"https:\/\/it-landgraf.de\/en\/category\/2023-q4-en\/\">2023 Q4<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-208\"><a href=\"https:\/\/it-landgraf.de\/en\/category\/2023-q2-en\/\">2023 Q2<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-206\"><a href=\"https:\/\/it-landgraf.de\/en\/category\/2023-q1-en\/\">2023 Q1<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-193\"><a href=\"https:\/\/it-landgraf.de\/en\/category\/2022-q4-en\/\">2022 Q4<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-184\"><a href=\"https:\/\/it-landgraf.de\/en\/category\/2022-q3-en\/\">2022 Q3<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-182\"><a href=\"https:\/\/it-landgraf.de\/en\/category\/2022-q2-en\/\">2022 Q2<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-177\"><a href=\"https:\/\/it-landgraf.de\/en\/category\/2022-q1-en\/\">2022 Q1<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-175\"><a href=\"https:\/\/it-landgraf.de\/en\/category\/2021-q4-en\/\">2021 Q4<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-173\"><a href=\"https:\/\/it-landgraf.de\/en\/category\/2021-q3-en\/\">2021 Q3<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-171\"><a href=\"https:\/\/it-landgraf.de\/en\/category\/2021-q2-en\/\">2021 Q2<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-169\"><a href=\"https:\/\/it-landgraf.de\/en\/category\/2021-q1-en\/\">2021 Q1<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-167\"><a href=\"https:\/\/it-landgraf.de\/en\/category\/2020-q4-en\/\">2020 Q4<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-162\"><a href=\"https:\/\/it-landgraf.de\/en\/category\/2020-q3-en\/\">2020 Q3<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-160\"><a href=\"https:\/\/it-landgraf.de\/en\/category\/2020-q2-en\/\">2020 Q2<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-158\"><a href=\"https:\/\/it-landgraf.de\/en\/category\/2020-q1-en\/\">2020 Q1<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-156\"><a href=\"https:\/\/it-landgraf.de\/en\/category\/2019-q4-en\/\">2019 Q4<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-150\"><a href=\"https:\/\/it-landgraf.de\/en\/category\/2019-q3-en\/\">2019 Q3<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-138\"><a href=\"https:\/\/it-landgraf.de\/en\/category\/2019-q2-en\/\">2019 Q2<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-140\"><a href=\"https:\/\/it-landgraf.de\/en\/category\/2019-q1-en\/\">2019 Q1<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-144\"><a href=\"https:\/\/it-landgraf.de\/en\/category\/2018-q4-en\/\">2018 Q4<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-146\"><a href=\"https:\/\/it-landgraf.de\/en\/category\/2018-q3-en\/\">2018 Q3<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-136\"><a href=\"https:\/\/it-landgraf.de\/en\/category\/2018-q2-en\/\">2018 Q2<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-128\"><a href=\"https:\/\/it-landgraf.de\/en\/category\/2018-q1-en\/\">2018 Q1<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-126\"><a href=\"https:\/\/it-landgraf.de\/en\/category\/2017-q4-en\/\">2017 Q4<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-116\"><a href=\"https:\/\/it-landgraf.de\/en\/category\/2017-q3-en\/\">2017 Q3<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-114\"><a href=\"https:\/\/it-landgraf.de\/en\/category\/2017-q2-en\/\">2017 Q2<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-142\"><a href=\"https:\/\/it-landgraf.de\/en\/category\/deals-en\/\">Deal Announcements<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-58\"><a href=\"https:\/\/it-landgraf.de\/en\/category\/uncategorized\/\">Uncategorized<\/a>\n<\/li>\n\t\t\t<\/ul>\n\n\t\t\t<span class=\"seperator extralight-border\"><\/span><\/section><\/div><br \/>\n<section  class='av_textblock_section av-6kwive-c5460d8e5935bbab3a48dfeae9ef5a2f '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><h2>More information on this topic<\/h2>\n<ul class=\"sy-list-margin\">\n<li><a href=\"http:\/\/it-landgraf.de\/en\/taetigkeitsgebiete\/mergers-acquisitions\/\">Mergers &#038; Acquisitions (M&#038;A)<\/a><\/li>\n<li><a href=\"http:\/\/it-landgraf.de\/en\/taetigkeitsgebiete\/corporate-law\/\">Corporate Law<\/a><\/li>\n<\/ul>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-3o539m-4d95dfa4b00add6cfabce824d172c85f\">\n#top .hr.hr-invisible.av-3o539m-4d95dfa4b00add6cfabce824d172c85f{\nheight:8px;\n}\n<\/style>\n<div  class='hr av-3o539m-4d95dfa4b00add6cfabce824d172c85f hr-invisible  avia-builder-el-11  el_after_av_textblock  el_before_av_textblock '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-3873oq-be2d59bb7696cf4d2d149ae047d458d4 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock hide_on_print'  itemprop=\"text\" ><h2>Downloads<\/h2>\n<p><a href=\"#\" onclick=\"window.print();return false\">Print<\/a><br \/>\n\n\n\n\t<div class=\"dkpdf-button-container\" style=\" text-align:left \">\n\n\t\t<a class=\"dkpdf-button\" href=\"\/en\/wp-json\/wp\/v2\/posts\/6837?pdf=6837\" target=\"_blank\"><span class=\"dkpdf-button-icon\"><i class=\"fa fa-file-pdf-o\"><\/i><\/span> Download (PDF)<\/a>\n\n\t<\/div>\n\n\n\n\n\n<\/p>\n<\/div><\/section><\/p><\/div><\/div><\/div><\/div><!-- close content main div --><\/div><\/div><div id='after_section_2'  class='main_color av_default_container_wrap container_wrap sidebar_right'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-6837'><div class='entry-content-wrapper clearfix'>\n","protected":false},"excerpt":{"rendered":"<p>The GDPR is not only omnipresent on the Internet, where it says &#8220;We use cookies&#8221; e.g. on websites of bakeries, but it also has an impact on (almost) every area of law, including the transaction business. In order to illustrate this, two aspects will be examined in more detail below, firstly the data protection law factors in due diligence in the preliminary stages of a sale, and secondly the handling of personal data by the buyer after an asset deal. In both cases, a &#8220;standard market&#8221; approach has not yet developed.<\/p>\n","protected":false},"author":26,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"mc4wp_mailchimp_campaign":[],"footnotes":""},"categories":[177],"tags":[],"class_list":["post-6837","post","type-post","status-publish","format-standard","hentry","category-2022-q1-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/it-landgraf.de\/en\/wp-json\/wp\/v2\/posts\/6837","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/it-landgraf.de\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/it-landgraf.de\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/it-landgraf.de\/en\/wp-json\/wp\/v2\/users\/26"}],"replies":[{"embeddable":true,"href":"https:\/\/it-landgraf.de\/en\/wp-json\/wp\/v2\/comments?post=6837"}],"version-history":[{"count":10,"href":"https:\/\/it-landgraf.de\/en\/wp-json\/wp\/v2\/posts\/6837\/revisions"}],"predecessor-version":[{"id":6847,"href":"https:\/\/it-landgraf.de\/en\/wp-json\/wp\/v2\/posts\/6837\/revisions\/6847"}],"wp:attachment":[{"href":"https:\/\/it-landgraf.de\/en\/wp-json\/wp\/v2\/media?parent=6837"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/it-landgraf.de\/en\/wp-json\/wp\/v2\/categories?post=6837"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/it-landgraf.de\/en\/wp-json\/wp\/v2\/tags?post=6837"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}