On Thursday, Microsoft Corp. shared some good news from overseas. The European Union’s Article 29 Working Party, which represents 28 national data protection authorities, approved the software giant’s enterprise cloud contracts, concluding that they live up to EU regulatory standards for privacy and data protection. Microsoft is the first company to earn this distinction.

The following is an edited conversation with Brad Smith, who is the company’s general counsel and executive vice president of legal and corporate affairs. Smith, who blogged about the news on the company’s website, spoke to CorpCounsel.com about the nod from the EU.