IP Partner Discusses Prosecution of Chinese Trade Secret Theft

The Wall Street Journal

This article about the possibility that the U.S. could begin prosecuting Chinese companies accused of stealing trade secrets more frequently quotes partner Xiang Wang.

Wang stated that the number of criminal cases Orrick has handled involving corporate espionage charges leveled at Chinese companies by foreign rivals has increased by 50% over the past two years and that “the number of criminal cases will certainly increase.”

Although companies pay fines in civil disputes over the theft of trade secrets, the penalties often aren't effective deterrents, however, someone who steals trade secrets may think twice about going to prison, Wang said. ‚Äč