Tuesday 13 April 2021
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scmp - 1 month ago

China’s top court awards record US$24 million payout to chemical maker in trade secrets case

China’s top court has awarded a record 159 million yuan (US$24.6 million) compensation payout to a chemical producer in a trade secrets case, a ruling that comes after Beijing has repeatedly vowed to improve protection of intellectual property rights in the country.On Friday, the Intellectual Property Court of the Supreme People’s Court ordered Zhejiang-based chemical producer Wanglong Technology to pay damages to Zhonghua Chemical, another producer in the province, for stealing its trade…


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