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China’s top court awards record US$24 million payout to chemical maker in trade secrets case Wanglong Technology ordered to pay damages to Zhonghua Chemical over theft of trade secrets related to flavouring agent vanillin It comes after Beijing has repeatedly vowed to improve protection of intellectual property
Camlin Fine Sciences Ltd updates on penalty levied to Chinese JV Posted On: 2021-02-28 20:57:43 (Time Zone: Arizona, USA) The joint venture partner Wanglong Technology Company Limited ("Wanglong Technology") on 28th February, 2021 that a penalty of RMB 159.32 million has been levied by Supreme Court of China on Wanglong Technology for alleged infringement of intellectual property used in the process for manufacturing Vanillin. Out of the total penalty imposed on Wanglong Technology, 7% of the aforesaid penalty amounting to RMB 11.15 million has been attributed to our joint venture, namel...