As of January 1, 2019, China’s supreme court will handle intellectual property cases. This development came about as the ongoing trade war between the United States and China continues.
As a recent article asserts, both the U.S. and the European Union have ongoing concerns regarding intellectual property enforcement. This is especially true regarding forced technology transfers at the behest of Chinese officials.
The amount of intellectual property cases heard by Chinese courts has significantly risen over the past few years. According to one Chinese official, handling of such matters by the Supreme Court will lead to consistency in rulings. Hopefully, those complaining about intellectual property violations will also have a better chance to have their issues heard.
Steps the Chinese government is taking to remedy IP concerns
Reportedly, the Chinese government is taking a series of steps to alleviate intellectual property concerns. Specifically, they wish to implement protections against IP theft. Victims of theft will be able to sue for damages. And current amendments to China’s patent law would increase compensation for victims of theft.
There is also going to be possible legislation that would put an end to forced transferences of technology. Under the law, a foreign company would have the same sorts of privileges as Chinese firms.
Without IP protections, American businesses will have a difficult time competing with its Chinese counterparts. However, such cases are extraordinarily complex. What’s more, intellectual property theft and cost companies millions of dollars. For this reason, competent and experienced intellectual property representation is essential. Attorneys handling such matters require an extensive understanding of Chinese customs and laws.