On November 17, 2022 the Supreme People’s Court (SPC) of China held a press conference announcing the release of Typical Anti-Unfair Competition Cases of People’s Courts (人民法院反不正当竞争典型案例). Per the SPC, one of the main goal of the release is “strengthen the judicial protection of trade secrets and unify the standards of legal application” as two of the cases involved trade secret misappropriation – one in the pharma space and one in the semiconductor space.
Category: Trade Secrets
Mirati Therapeutics Sues China’s InventisBio for 99 Million RMB in Trade Secret Theft Case
Per a securities filing by InventisBio Co (益方生物科技（上海）股份有限公司) on November 16, 2022, Mirati Therapeutics sued InventisBio for 99 Million RMB (~$14 million USD) in a trade secret misappropriation case. Mirati requested an injunction, damages, and confirmation of ownership of certain patents and applications in a filing with the Shanghai Intellectual Property Court that was received by InventisBio on November 14, 2022. This case highlights the increased attention recently paid to trade secret misappropriation in China including a 60 million RMB …
King Semi Settles Chinese Criminal Trade Secret Case for 60 Million RMB
On October 27, 2022, Shenyang Xinyuan Microelectronics (doing business as King Semi) announced in a securities filing that it had settled a trade secret case with an unnamed company for 60 million RMB (over $8 million USD) and received 40 million RMB of the settlement. King Semi is a spinout from the Shenyang Institute of Automation, Chinese Academy of Sciences and specializes in semiconductor fabrication equipment founded in 2002. The company that misappropriated the trade secrets was founded by former …
China’s State Administration for Market Regulation Releases Legislative Work Plan for 2022
On April 27, 2022, China’s State Administration for Market Regulation released the State Administration for Market Regulation on Printing and Distributing Notice of Legislative Work Plan for 2022 (市场监管总局关于印发2022年立法工作计划的通知), which includes several intellectual property laws and administrative regulations among the 69 projects identified. IP-Related laws, regulations and rules, etc. are highlighted in the tables below. Note that the Detailed Implementation Rules of the Patent Law are not listed below but are mentioned in the text of the plan. Hopefully, the …