In November 2013, the Commission proposed a draft directive that will align existing laws against the misappropriation of trade secrets across the EU.
The relevant laws of some Member States do not provide for a legal definition of what a trade secret is. The existing remedies available are also inconsistent, and at times ineffective.
The proposal harmonises the definition of trade secrets in accordance with existing internationally binding standards. It also defines the relevant forms of misappropriation and clarifies that reverse engineering and parallel innovation must be guaranteed, given that trade secrets are not a form of exclusive intellectual property right.
Without establishing criminal sanctions, the proposal harmonises the civil means through which victims of trade secret misappropriation can seek protection, such as:
• stopping the unlawful use and further disclosure of misappropriated trade secrets;
• the removal from the market of goods that have been manufactured on the basis of a trade secret that has been illegally acquired;
• the right to compensation for the damages caused by the unlawful use or diclosure of the misappropriated trade secret.
- Trade secrets,
- European Union,
- Misappropriation of trade secrets,
- Unfair competition,
- Confidential business information,
- TRIPS Agreement
Available at: http://works.bepress.com/luis_gonzalez_vaque/190/