We disclose the data collected to third parties only to the extent that we are legally obliged to do so or such disclosure is necessary in order that the services be provided via the Site as intended. Personal data is disclosed within the scope of this necessity principle in particular in the following cases:
– If required by law or another legal provision, court order or regulatory order
– If necessary for criminal investigation or prosecution
– To the extent required in connection with a change in control over Participaid, be it due to a takeover, insolvency, or for another reason, and also to prepare and implement the change in control
The scope of Participaid’s activity in the context of the Site is not limited to Germany. Accordingly, personal data may also be transferred to countries outside the European Union, in particular in the USA. These non-EU/EEA countries can in individual cases have a lower level of data protection than Germany. Personal data are thus disclosed by Participaid in the USA only to affiliated companies of Participaid within the meaning of Sec. 15 of the German Stock Corporation Act [Aktiengesetz – AktG] and subject to the following conditions:
Data is disclosed only in connection with the administration of the IT systems of the Site and only if the receiving party guarantees an appropriate level of data protection for the disclosure of personal data in non-EU/EEA countries. To meet these requirements, Participaid will disclose personal data in the USA only if the party receiving the data complies with the data protection provisions of the Safe Harbor Program (www.export.gov/safeharbor), which aims to ensure assimilation with the German level of data protection.