Share on LinkedInShare on LinkedIn

ARTICLE · 30 MARCH 2021

China Rules Record Compensation For Technology Theft

SPC's Intellectual Property Court ordered a record high compensation of 159 million yuan (around $24.6 million) for the theft of technology secrets in an appeal case.

ChinaIntellectual Property
AFD China Intellectual Property
AFD China Intellectual Property
Author LinkedIn connections

SPC's Intellectual Property Court ordered a record high compensation of 159 million yuan (around $24.6 million) for the theft of technology secrets in an appeal case.

It is believed to be the largest compensation that the country's courts have awarded in commercial secret infringement disputes.

A chemical producer based in East China's Zhejiang province was found guilty of stealing technology secrets about vanillin from another company based in the same province and shall pay the sum in compensation to the obligee, the tribunal said in its ruling.

http://english.ipraction.gov.cn/article/tc/202103/337170.html

AFD China Newsletter is intended to provide our clients and business partners information only. The information provided on the newsletter should not be considered as professional advice, and should not form the basis of any business decisions.

AFD China Newsletter is intended to provide our clients and business partners information only. The information provided on the newsletter should not be considered as professional advice, and should not form the basis of any business decisions.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

See more popular content from