On Feb. 2, U.S. and EU negotiators announced an agreement to create a so-called “Privacy Shield.” The new agreement is slated to replace the embattled U.S.-EU Safe Harbor Framework, which allowed data transfers between Europe and the United States before a European court invalidated the Safe Harbor last year.

From e-discovery (where the Safe Harbor really shouldn’t have applied in the first place) to social media to general business data transfers, the future flow of information was in the balance, and there could still be challenges ahead.