New Act On The Protection Of Trade Secrets

Information is and is becoming an ever more important asset for businesses and has even been called the world's most valuable asset. Information can be legally protected in a number of ways. For instance, information which has been arranged in a systematic or methodical way may under certain circumstances enjoy protection under the Copyright Act. Information may also enjoy protection by means of rules and regulation concerning employment and contracts which prohibits employees and partners from disseminating information. A further possibility is that information may enjoy trade secret protection. On the 23rd of May this year, the Riksdag (the Swedish parliament) decided that a new Act on the Protection of Trade Secrets shall come into effect on the first of July this year and replace the current act from 1990.