China to Set up System of Punitive Compensation for IP Infringements

China to Set up System of Punitive Compensation for IP Infringements

2019/11/4

China plans to set up a system of punitive compensation for IP infringements, according to a draft government regulation.
 
The draft regulation on implementing the Foreign Investment Law, drawn up by the Ministry of Justice and a number of other State Council ministries, was posted online to solicit public opinions.
 
According to the draft, China will also push for establishing a fast-track IP protection mechanism, improve the mechanisms to resolve IP disputes through multiple means and provide assistance, and increase IP protection for foreign investors and enterprises.
 
Administrative entities and their staff are also required to strictly keep foreign-invested enterprises' business secrets they come to know about while performing their duties, according to the draft.
 
Members of the public can submit their opinions through letters, e-mails, or on the website of the Ministry of Justice by December. 1, 2019.
 
The Foreign Investment Law is slated to go into effect on the first day of 2020.
 
Source: Xinhua



People watch


It is lucky for Chen Jun to began his career in the IP industry 14 years ago when the first group of IP managers for businesses appeared on the stage in China and he has been in the industry.

It was this “Whampoa Military Academy” for IP that educated China’s first batch of corporate IP management personnel. Many of these engineers left Foxconn in the years since.