EU Trade Secrets Directive Approved
The European Parliament voted on last April 14, 2016 in favor of the EU Trade Secrets Directive. The Council of the European Union (EU) should now approve the Parliament’s position and the Directive be adopted in its current wording. The EU Member States would then have 24 months to adapt their national laws to the objectives of the Directive. The Directive aims to ensure that there is a sufficient and consistent level of civil redress in the laws of the EU Member States in the event of unlawful acquisition, use or disclosure of trade secrets (i.e. undisclosed know-how and business information). It would oblige EU Member States to ensure that victims of misuse of trade secrets are able to defend their rights in court and to seek compensation. The voted text also lays down rules to protect confidential information during legal proceedings.
Read the Full Directive here.