The Upcoming Trade Secrets Act

The Upcoming Trade Secrets Act

On 10 January 2019, the Trade Secrets Act was sent for consideration to the Slovenian Parliament and will have to be adopted shortly – as required by Directive (EU) 2016/943 on the protection of undisclosed know-how and business information (i.e. trade secrets) against their unlawful acquisition, use and disclosure.

The upcoming Trade Secrets Act brings some changes to the current definition of what constitutes a trade secret, makes a clearer distinction between the lawful and unlawful acquisition, use and disclosure of trade secrets and regulates the judicial protection in the event of violations and the conditions and circumstances for issuing the interim measures for immediate protection of business secret.

Therefore, SEE Legal’s Slovenian member, SELIH & PARTNERS is encouraging the companies to respond quickly and prepare for the upcoming changes by adopting appropriate internal acts or revisiting the existing internal acts in order to ensure that all important trade secrets are adequately protected.

The draft act (in Slovenian) can be downloaded here.

On 10 January 2019, the Trade Secrets Act was sent for consideration to the Slovenian Parliament and will have to be adopted shortly – as required by Directive (EU) 2016/943 on the protection of undisclosed know-how and business information (i.e. trade secrets) against their unlawful acquisition, use and disclosure.

The upcoming Trade Secrets Act brings some changes to the current definition of what constitutes a trade secret, makes a clearer distinction between the lawful and unlawful acquisition, use and disclosure of trade secrets and regulates the judicial protection in the event of violations and the conditions and circumstances for issuing the interim measures for immediate protection of business secret.

Therefore, SEE Legal’s Slovenian member, SELIH & PARTNERS is encouraging the companies to respond quickly and prepare for the upcoming changes by adopting appropriate internal acts or revisiting the existing internal acts in order to ensure that all important trade secrets are adequately protected.

The draft act (in Slovenian) can be downloaded here.