The decision not to refer Cyprus to the WEU on trade secrets was decided by the European Commission, according to an announcement by the Legal Service.
The announcement of the Legal Service:
The full compliance of the Republic of Cyprus with the European Directive on Trade Confidentiality contributed to the decision of the European Commission yesterday not to refer Cyprus to the Court of Justice of the European Union (ECJ) for violation of EU law, considering that the provisions of the Directive fully transposed into national law.
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 properly with the harmonization of its legal framework on trade secrets and therefore recommended imposition of a fine by the WEU in Cyprus.
On November 26, 2020, the House of Representatives proceeded with hasty 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, Trade, Industry and Tourism and the parties responded positively to the Advocate General's suggestion for an immediate vote on the bill.
It is noted that the fact that a harmonization bill has been passed after the harmonization date has elapsed under the WEU case law is not a reason for the Member State not to be condemned.
The studies submitted by the Legal Service, which analyzed that the provisions of this Directive were largely implemented 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.
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