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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