What Protecting American IP Means for Chinese Outbound Investment

May 05, 2023 | BY

Susan Mok

Timothy Bickham, Stephen Yang and Lin Yang of Steptoe & Johnson examine the impact of a tough new IP law on foreign companies conducting business in the U.S

Summary

  • The U.S. has always been robust in its defense of trade secrets held by domestic companies
  • The new U.S. PAIP Act is part of that defensive strategy and includes some aspects of interest to foreign investors
  • The Act targets specific persons deemed connected to trade secret thefts and gives the government significant enforcement powers as well as flexibility and discretion
  • Companies should take a number of steps including reviewing their IP and assessing vulnerabilities
  • If an allegation does arise, an early and proactive response is vital

 

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