Sri Lanka's Supreme Court has ruled that an employee must pay Rs. 50 million in damages for unlawfully disclosing confidential trade secrets to a competing company.
The Supreme Court of Sri Lanka has ordered an employee to pay Rs. 50 million as compensation for the unauthorized disclosure of trade secrets to another company. The judgment addresses a significant breach of confidentiality and establishes legal consequences for employees who violate their obligations to protect proprietary business information.
The case underscores the court's commitment to enforcing intellectual property protections and maintaining commercial confidentiality standards in Sri Lanka. The substantial financial penalty serves as a warning to employees regarding their legal duties to safeguard sensitive corporate information acquired during their employment.
This ruling reinforces existing legal frameworks governing trade secret protection and demonstrates the judiciary's willingness to impose substantial damages when confidential information is misappropriated or improperly shared with competing entities.
