World Economy

China Court Awards US Co. $1.5m in Court Case

China Court Awards US Co. $1.5m in Court CaseChina Court Awards US Co. $1.5m in Court Case

A Chinese court has ordered three domestic shoemakers to pay more than 10 million yuan ($1.5 million) to New Balance in damages for infringing the US sportswear company’s signature slanting logo.

The amount of compensation, though small by international standards, is according to lawyers one of the highest to be awarded to foreign companies in trademark disputes in China, Xinhua News Agency reported.

The ruling follows a speech by President Xi Jinping last month in which he vowed to punish intellectual property (IP) infringers.

US President Donald Trump recently authorized an inquiry into China’s IP practices amid estimates that IP theft by the country could be as high as $600 billion.

An intermediate court in coastal industrial town Suzhou said in its ruling last week that three defendants - including an individual who registered a company in Colorado as New Bai Lun -should stop infringing the American company’s iconic trademark and their deceiving promotion of products.


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