European Parliament Committee Approves the Deal with Council on Trade Secrets

On January 28, 2016, the Legal Affairs Committee of the European Parliament endorsed a provisional deal on new rules to help firms win legal redress against theft or misuse of their trade secrets. The deal now needs to be endorsed by Parliament as a whole as well as the Council of Ministers. “The text voted in the Legal Affairs Committee today will make it possible to protect companies’ professional knowhow and confidential commercial information, whilst safeguarding the fundamental freedoms of expression, information, and of the press“, said rapporteur Constance Le Grip.