CORPORATE ESPIONAGE – A VIEW WITH APPLICABILITY OF ALTERNATE DISPUTE RESOLUTION

Abstract

Spying, having traces since the Monarch period or maybe even before that, plays a crucial role in times of war and the concept of economy. The presence of legal backup behind the art of spying is equally balanced with the illegality in it. Considering the security and the economic stability of a nation, spies are used, though such activities are illegal and the same nation also punishes any person involved in the activity of spying from another nation. With such a crucial situation, business and the market being the arms of the stabilized economy, also play with the spies in such a way that competition in the market benefits best the customer. The market getting globalized, on one hand, requires speedy remedy when there raises any issue of law or any illegal acts. The trending mechanism which was coined in the near past, but has its traces since the same period of the monarch stands as an alternative method to attain such requirement. Thus, with such an explicit practice of spies, the author here would like to throw light upon the legal terminology behind the statutes governing the activities of spying and the effectiveness of the Alternate Dispute Mechanism (ADR) upon the issues pertaining to such acts of corporate espionage present in the market. Though there are no special statutes for regulating corporate espionage or protecting trade secrets, the author shall deal with the traces of espionage laws present in other statutes which co-relate themselves to the mechanisms of ADR.