China Market Insider Dispute Over Record-Breaking Ruling in China's Machinery Manufacturing Industry
A former employee of the CNC manufacturer Beijing Jingdiao stole drawings and used them at a competitor's company. The Supreme People's Court awarded Jingdiao 382 million yuan ($57 million) in damages.
A record-breaking ruling on the theft of trade secrets continues to spark debate in China’s CNC machine tool industry. The Supreme People’s Court in Beijing had ordered Shenzhen Create Century to pay 382 million yuan (approximately 47.8 million euros) in damages after an employee was sentenced to prison for a particularly brazen case of intellectual property theft.
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