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EUROPEAN UNION

JAPAN: Lowered fees for trademark registrations and renewals.

New Directive on Trade Secrets.

On 15 December 2015 the negotiating teams of the European Parliament and the Council reached a preliminary agreement on the text of the Directive o. The Commission participated in the negotiations as a facilitator. The agreement will need to be formalized by the European Parliament and the Council. Companies, inventors, researchers and creators will be put on equal footing throughout the Internal Market, and the EU will have a common, clear and balanced legal framework which will discourage unfair competition, and facilitate collaborative innovation and the sharing of valuable know-how to make the EU a stronger and more competitive economic region. The Directive will align existing laws against the misappropriation of trade secrets across the EU.