Protection Of Trade Secrets In Cyprus

How to protect undisclosed know-how and business information against unlawful acquisition, use and disclosure?

The Cyprus Law on the protection of undisclosed know-how and business information (trade secrets) against their unlawful acquisition, use and disclosure of 2020 (164(I)/2020) (the 'Law') provides a number of measures against unlawful acquisition, use or disclosure of trade secrets, enabling the individuals and companies to protect their trade secrets.

A 'trade secret' is defined in the Law as information:

• which is secret, in the sense that, either as a whole or in terms of the exact content and layout of their components, is not widely known to persons belonging to the circles usually dealing with such information, nor directly accessible to these persons;