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Sep 20, 2009
Stephen Yang, Peksung Intellectual Property Ltd., China

Use of IP protection grows


Stephen Yang, Peksung Intellectual Property Ltd., ChinaOn April 15, 2009, the Zhejiang Higher People’s Court announced that Chint Group and Schneider Electric Group had reached a settlement in the Tianjin-based Schneider Electric Low Voltage (Tianjin Schneider) patent infringement lawsuit and that Tianjin Schneider will pay Chint Group Rmb157.5 million ($23 million) in compensation. In addition, the two parties have also reached a series of global reconciliation agreements. read more