Settlement of $19 million patent feud via mediation highlights China's approach to IP disputes
By MLex Staff ( October 29, 2024, 04:22 GMT | Comment) -- Driven by the mediation of China’s supreme court, two Chinese specialists in electronic testing and measurement equipment recently inked an agreement to resolve all their pending intellectual property disputes. The settlement of a combined compensation claim of 138 million yuan ($19 million) filed by Siglent Technologies and Rigol Technologies against each other stands out as another exemplary case that underscores the country’s ongoing efforts to provide alternative resolutions for IP-related disputes, diverging from traditional court or administrative routes.Driven by the mediation of China’s supreme court, two Chinese specialists in electronic testing and measurement equipment have recently inked an agreement to resolve all their pending intellectual property disputes....
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