DISCERNING THE ASPECTS OF DATA LOCALIZATION IN A GLOBALIZED WORLD
Author – Shrirang Ashtaputre, Law Graduate from ILS Law College, Pune.
Best Citation – Shrirang Ashtaputre, DISCERNING THE ASPECTS OF DATA LOCALIZATION IN A GLOBALIZED WORLD, Indian Journal of Legal Review (IJLR), 3 (1) of 2023, Pg. 1-9, ISSN – 2583-2344.
ABSTRACT
Undoubtedly, data privacy is an integral facet of the 21st century and often, business entities seek to uphold it at all costs by complying with the various requirements with that regards prevailing across numerous jurisdictions. Especially in an era where globalization virtually dominates economic practices and plays a pivotal role in the building of any robust economy, to reap maximum profits, without compromising upon its duty to safeguard the fundamental interests of the customers or general citizenry. To that effect, it is necessary to discern the mannerism in which the business entities indulge in international trade and commerce by balancing it well with the diverse data localization requirements prevailing across countries. Referred to as the practice of storing data in a jurisdiction from where it originated, data localization requires the storage of data from where it is collected rather than transferring it outside its territorial jurisdiction for processing etc. It is a fact, that in contemporary times, data is an inseparable facet of any commercial transaction and to prohibit its misuse, either by any business entity or a nation where the data may be transferred, aspects of data localization introduced by countries. Understanding the aspects of data localization prevailing across developed democracies of the world, the Author, through the medium of this paper, shall highlight relevant case laws about it, besides divulging the extent to which it seeks to regulate globalization. Briefly, the Author, through the medium of this paper, seeks to assess the ways to which nations resort to, for the sake of transferring data to other countries, for the purposes for which it is collected in the first place.
Keywords: Data-Privacy, Data Localization, Data-Transfer, Globalization, Standard Contractual Clauses