TLT has won the National Franchised Dealers Association's (NFDA) Industry Partner award for helping it and its members in the motor industry to prepare for the incoming General Data Protection Regulation (GDPR).
The GDPR is an EU regulation that introduces amongst other things new rights for individuals to control how their personal data is used and a raft of new legal obligations for organisations.
The GDPR, which comes into force on 25 May 2018, has far-reaching implications for organisations that gather and process personal data. The penalty for non-compliance has increased considerably under the GDPR; the maximum fine is 4% of global annual turnover or €20m (circa £17m), whichever is greatest.
The NFDA promotes the interests of franchised car and commercial vehicle retailers in the UK with manufacturers, UK and European government, other industry trade bodies and consumers.
TLT's specialist data privacy and protection team worked closely with the NFDA to conduct a GDPR impact assessment and a roadmap to compliance with the GDPR, and implemented a programme to help the NFDA’s members understand and comply with their new obligations under the GDPR. The TLT data privacy and protection team will continue to advise the association and its members on the impact of the GDPR after it has come into force.
Sue Robinson, director of the NFDA, says: "TLT's data privacy and protection lawyers have helped us and our members to understand the regulation and to prepare fully for the May deadline. They have managed the project end to end and given clear legal advice and a very high quality of service every step of the way."
Jenai Nissim, legal director at TLT, says: "The impact of the GDPR cannot be underestimated. Every organisation will be affected by this, so it's important to understand what the new rules are and what this means for you. Organisations need to understand the requirements of the GDPR so that they can respond appropriately to the change in law and continue to monitor and evolve their processes. We are very pleased to have helped the NFDA and its members with their readiness for the GDPR, and extremely honoured to have received this award."
Miles Trower, partner at TLT, adds: "Huge credit to Jenai and our data privacy team for this significant achievement, which alongside leading edge work carried out by colleagues in our regulatory, dispute resolution, corporate and real estate teams across the firm, reinforces our position as the leading legal adviser to UK automotive retail."
TLT has a long-standing relationship with the NFDA. In 2013, the firm was shortlisted for an FT Innovative Lawyer award for their work together to coordinate a ground-breaking industry-wide campaign to initiate and influence the development of new European regulation to combat unfair trading practices in B2B relations. The campaign addressed specific anticipated gaps in effective competition regulation affecting the distribution and servicing of vehicles.