China:
China Rules Record Compensation For Technology Theft
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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
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