On June 14, 2024, according to official public account of the Intellectual Property Court of the Supreme People’s Court, here came the final ruling on the intellectual property dispute where Geely sued WM Motor’s infringement of trade secrets after many years. The Supreme People’s Court ordered WM Motor to compensate Geely for economic losses and reasonable expenses for rights protection, amounting to approximately RMB 640 million (about USD 88 million).

This judgment marks the highest compensation amount ever awarded in an intellectual property infringement lawsuit in China. Meanwhile, the judgment made a pioneering exploration of the specific manner, content and scope of the civil liability for stopping infringement of technical secrets, as well as the delayed payment for refusal to fulfill the obligation to stop infringement and other non-pecuniary payments and its payment standard.

From IP ForeFront

June 14th, 2024