Schneider settles in China for US$23 million

    | BY

    clpstaff &clp articles

    French company to pay Chint Group to end patent fight

    By Peter Ollier.

    French electronics company Schneider is to pay Rmb157.5 million (US$23 million) to Chinese rival Chint Group to end a controversial patent fight

    The record settlement is about half the Rmb330 million that the Wenzhou Intermediate People's Court awarded to Chint in September 2007, in what is still the largest award for IP infringement ever made by a Chinese court.

    This premium content is reserved for
    China Law & Practice Subscribers.

    • A database of over 3,000 essential documents including key PRC legislation translated into English
    • A choice of newsletters to alert you to changes affecting your business including sector specific updates
    • Premium access to the mobile optimized site for timely analysis that guides you through China's ever-changing business environment
    For enterprise-wide or corporate enquiries, please contact our experienced Sales Professionals at +44 (0)203 868 7546 or [email protected]