# 2 How to Avoid a €20m or a 4% from your annual turnover sanction. Meritas Guide to the Steps Companies Should Take to Comply with GDPR

In the light of the new Regulation (EU) 2016/679 (GDPR) concerning personal data protection that shall apply as of May 25, 2018, MERITAS – a leading global network has prepared a short informative video to illustrate recommended steps to companies in order to ensure GDPR compliance.

The preparation process is divided into three major stages:

  • Discovery/audit of the personal data processing practices applied in the organization;
  • Gap analysis;
  • Development and implementation of internal policies and procedures that correspond to GDPR requirements.

As a global legal network, MERITAS has a cross-border Data Protection Group that brings together leading experts in the field from the member law firms across EU. Their collaboration allows them to resolve their clients’ domestic and international data protection issues.

Dimitrov, Petrov & Co. is the exclusive member of MERITAS for Bulgaria since 2005 and is also actively preparing its customers for ensuring compliance with the GDPR requirements.