How does the GDPR impacts real estate transactions?
How does the GDPR impacts real estate transactions?

Author(s): Simona Guțiu
Subject(s): Law, Constitution, Jurisprudence, Law and Transitional Justice, Law on Economics, Commercial Law, Administrative Law
Published by: Societatea de Stiinte Juridice si Administrative
Keywords: GDPR; real estate transaction; protection of personal data; globalization;
Summary/Abstract: Any processing of personal data should be lawful and fair. GDPR provides rules relating to the protection of natural persons with regard to the processing of personal data and rules relating to the free movement of personal data. In is well known that a real estate transaction (regardless if it is an asset or a share deal), implies processing some personal data. This is applicable also for the legal persons involved in real estate transaction. This article aims to answer to some relevant questions related to the restrictions imposed by the GDPR in the context of a real estate transaction of whatsoever type.

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