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Commission: Non-referral of Cyprus to the WEU for trade secret

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Commission: Non-referral of Cyprus to the WEU for trade secret

The full compliance of the Republic of Cyprus with the European Directive on Trade Secrets resulted in the European Commission deciding yesterday not to refer Cyprus to the Court of Justice of the European Union (ECJ) for violation of EU law, after considering that the provisions of the Directive have fully transposed into national law.

The studies sent by the Legal Service, which analyzed that the provisions of this Directive were largely applied by the existing legislation, as well as by the principles of the law governing it, are believed to have had a significant impact on yesterday's decision of the European Commission. the Cypriot legal order.

According to a statement issued by the GIP on 30 October 2020, the European Commission announced its decision to appeal to the WEU against the Republic of Cyprus, based on the fact that Cyprus had not complied, as it should, with the harmonization of its legal framework for commercial secrecy and, therefore, suggested the imposition of a fine by the WEU in Cyprus.

On November 26, 2020, the House of Representatives proceeded with rapid procedures to pass a law on the relevant harmonization bill and for this, the Legal Service thanks the Speaker of Parliament, members of the Parliamentary Committee on Energy, Commerce, Industry and Tourism and the parties responded positively to the Advocate General's suggestion for an immediate vote on the bill.

It should be noted that the fact that a harmonization bill has been voted on after the harmonization date has elapsed is not a reason for the Member State not to condemn it.

Source: www.philenews.com

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