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Legal Briefing
Chemical reaction: record fine for industrial spying in the Hungarian pharmaceutical sector
Practice Area: Life science
Sector: Business services
Jurisdiction: Hungary
Published: 16 January 2012
Law Firm: Schoenherr
Overview
A court in Hungary has awarded a record fine for industrial spying after former managers of a Hungarian pharmaceutical company were held liable for breach of trade secrets and ordered to pay record damages.
In its first instance judgment, the Metropolitan Court ordered more than one year's imprisonment for industrial spies and awarded approximately 10 million euros in damages. This briefing from Schoenherr outlines what is known so far.
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