The legal system doesn't forget about you. The issue is more that if you google a potential business partner you might treat them differently if you find old articles about their conviction for embezzlement. Which is both good and bad.
There is a tension between protecting the innocent and the reformed from their past on one side, and protecting potential victims on the other.
Similar to how you can get criminal convictions expunged so it doesn't affect employment etc but any terms of the expungement still hold
Disclaimer: not only am I not a lawyer, I'm also incredibly lazy and haven't even Google searched right to be forgotten laws