While Latin American privacy laws have largely been based on European frameworks in order to facilitate business, their prescriptive nature on data breach disclosures and cross-border transfers may more likely keep businesses away than draw them in. That was the message in a recent IAPP web conference on “Keeping Up with Data Privacy Developments in Latin America,” led by Matthew S. DelNero, partner at Covington & Burling, and Mariana Tavares de Arujo, partner at Levy & Salomao Advogados, who also discussed Brazil’s impending data protection law. While not expected to pass for some time, the law could have profound effects on business, with fines for violations that could total 20 percent of a company’s turnover.
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