In a few weeks the European Parliament is likely to pass into law a new trade secrets law for Member States of the Union. This is in the shape of a Directive which means that each of the 28 European countries will enact its own local law to bring the Directive into effect, the intention being to achieve a common standard of definition and protection for trade secrets across the Union.
The Directive has a two year implementation period which means that the UK (assuming of course that it remains a member of the Union following the referendum) should have its first statutory trade secrets law by about 2018 or 2019.
This article discusses what lies behind this and what our new law may look like.
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If you require further information on anything covered in this briefing please contact John Hull (firstname.lastname@example.org; 020 3375 7352) or your usual contact at the firm on 020 3375 7000. Further information can also be found on the Intellectual Property & Technology page on our website.
This publication is a general summary of the law. It should not replace legal advice tailored to your specific circumstances.
© Farrer & Co LLP, February 2016