Trade secrets protection: Council adopts new directive
The Council has adopted a directive setting out rules for the protection of trade secrets and confidential information of EU companies (the Trade Secrets Directive 2016/ 244/EU). The decision follows an agreement reached with the European Parliament on 15 December 2015. The directive, which lays down common measures against the unlawful acquisition, use and disclosure of trade secrets, aims at ensuring the smooth functioning of the internal market. It is also intended to have a deterrent effect against the illegal disclosure of trade secrets, without undermining fundamental rights and freedoms or the public interest, such as public safety, consumer protection, public health, environmental protection and mobility of workers. It will enter into force 20 days after it has been published in the Official Journal. Member states will then have two years in which to implement its provisions.Link to news release
Category: Intellectual Property » Confidentiality. Keyword(s): Trade secrets. Area(s) of law: Employment; Technology and Information; Corporate and Commercial Law.
Source: Council of the European Union.