Moldova to have law on protection of commercial secrets

Chisinau, 7 December /MOLDPRES/ - Moldova will have a law on the protection of the commercial secrets, adjusted to the European Union’s legislation. The parliament voted a draft law to this end in the second reading today.  

The document defines accordingly these basic concepts - commercial secret, holder of the commercial secret, perpetrator, goods which run counter the norms – and establishes the limits of enforcement of the normative framework. 

Also, the law regulates the ways of acquiring, use and divulging of commercial secrets, as well as the rights of the holders of commercial secrets. The law also proposes the establishment of additional measures for the protection of commercial secrets, as well as procedures of intervention, in order to counteract the actions of illegal use. Under the draft, the limitation period of 6 years will be enforced for the actions which regard the protection of commercial secrets.      

The infringement of the norms concerning the protection of commercial secrets will entail civil or criminal liability.

The draft law is to enter into force two months after the date of its publication in the Official Journal (Monitorul Oficial).