Legislative Chamber adopts law “On commercial secret”
19/06/2014 15:56
Legislative Chamber adopts law “On commercial secret”
19/06/2014 15:56
Tashkent, Uzbekistan (UzDaily.com) -- Legislative Chamber of Oliy Majlis of Uzbekistan adopted a law “On commercial secret” on 18 June 2014, the press service of the lower house of the parliament said.
The document was developed in line with the resolution of the President of Uzbekistan and decision of the Cabinet of Ministers and approves list of information, enlisted as confidential information, including commercial secret, which should be protected.
The document based on clauses of the Constitution, Civil Code of Uzbekistan and determines legal status of commercial secrets.
The law determines main notions, requirements to commercial secrets, information, which cannot be considered as commercial secret, rights of commercial secret owners, measures on information protection and other norms.
The law is aimed at legal regulation issues related to commercial secret, its systematization and provision, protection of interests of business entities to avoid unfair competition.
The document fully reflects current legislation and includes irrelevant norms and limits number of references to other laws. The law can be easily understood by companies, state and legislative bodies.
The law includes several legal innovations and should improve regulation of issues related to commercial secret.
The document will create system for protection rights of the owners of commercial secrets. It sets mechanisms and procedures on protection of commercial secrets.
The law should improve fair competition among businesses and help to introduction new innovative technologies and products.
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