As the world prepares to descend on Sochi for the 2014 Winter Olympic Games, Trade Secrets Watch decided to take a look at how effective trade secret protections are in Russia.
Although Russia has fairly robust trade secret laws, Russian companies have generally been reluctant to seek legal redress for trade secret violations. According to studies conducted by market research agencies, about 90 percent of Russian companies have at some stage suffered from the theft of trade secrets. Although such theft can be a criminal offense, in most cases companies faced with this problem try to deal with it by themselves. In only 5 percent of cases do they initiate legal proceedings. READ MORE