New law on trade secret protection

On May 27, 2021, the National Assembly of the Republic of Serbia adopted the Law on the Protection of Trade Secrets, which replaced the previously valid Law from 2011.

Instead of amending the current one, in order for the system of protection of trade secrets to be harmonized with the relevant EU regulations, it was necessary to pass a completely new law. It entered into force on June 5, 2021, except for the provisions of Article 17, item 1 in the part related to the application of European Union regulations, which will apply from the date of accession of the Republic of Serbia to the European Union.

Given the importance of trade secrets for companies and creating market advantages by maintaining trade secrets in accordance with the principles applied in the EU, the adoption of a new law will certainly create greater legal certainty with its more concrete solutions in relation to the Law from 2011.

The full analysis can be found HERE.

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