This is what risk is. Absolutely, don't panic. But responsibly managing risk means considering the 100% real and existing option of regulators abandoning their previous caution and trying out their new teeth. Perhaps they get reined in, but perhaps that takes 10 years, or perhaps it turns out to be politically convenient not to rein them in a all. There are 28 EU countries, so 28 regulators, only one ambitious rising star at one of which need to "break bad".
Yes, I agree that this is probably a very small risk. But having a calm and correct view of the fact that there is a risk is 100% the right move here. Something like every other lawyer in Europe is worried about this right now, and do think it's a bit of a big deal. Don't panic, but take the advice of a non-lawyer's blog over your actual lawyer's at your own extreme peril.
That's not what happened. Various people pointed out various cases where it's shown over the course of 20 years what happened. Ample history.
> Don't panic, but take the advice of a non-lawyer's blog over your actual lawyer's at your own extreme peril.
Are you from the US or EU? Immediately going to a lawyer seems strange and unique to me. Within a big company, yeah, lawyer. Anything else unless you're doing something specific I don't see why.
Yes, and other various other people are pointing out that now there's a new law that changes a lot of things, perhaps what happened in the last 20 years isn't a perfect guide for what's going to happen in the future.
> Immediately going to a lawyer seems strange and unique to me
I'm from the EU, and I go to lawyers for things much smaller than those that can get me fined 4% of turnover. And so should you, if you're serious about managing your risk. If your things are in order, it's not terribly expensive, and you get to lean on your lawyers professional liability insurance if things get weird regardless.