In what form is violation of confidential business information considered an act of unfair competition?
Infringement of confidential information in business is stipulated in Clause 1, Article 45 of the Competition Law 2018 as follows:
“Unfair competitive practices are prohibited
1. Infringement of confidential business information in the following forms:
a) Accessing and collecting confidential business information by opposing the security measures of the owner of that information;
b) Disclosing or using confidential business information without the permission of the owner of that information.
2. Coercing customers or business partners of other enterprises with threats or coercion to force them not to transact or stop transacting with that enterprise.
3. Providing untruthful information about another enterprise by directly or indirectly providing untruthful information about that enterprise that adversely affects the reputation, financial status or business operations of that enterprise .
4. Disrupting the business activities of another enterprise by directly or indirectly obstructing or interrupting the lawful business activities of that enterprise.
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In conclusion, according to regulations, acts of infringing upon confidential business information in the following forms are considered prohibited acts of unfair competition:
(1) Accessing and collecting confidential business information by opposing the security measures of the owner of that information;
(2) Disclosing or using confidential business information without the permission of the owner of that information.