News & Analysis as of September 19, 2024

Cybersecurity

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A Trade Secret is any information, not generally known or easily ascertainable, by which an enterprise develops an economic advantage over competitors or customers. In order to maintain trade secrets' protected legal status, enterprises must make reasonable efforts to keep the information secret and prevent unnecessary disclosure. Trade Secrets may include processes, formulas, methods, designs, patterns, et cetera. less -

6th Circuit Upholds 20-year Sentence of Chinese Spy, Convicted of Espionage Crimes, Attempting to Steal Trade Secrets

Alston & Bird on 8/13/2024

On August 7, 2024, the 6th Circuit upheld a Chinese spy’s twenty-year prison sentence for attempting to steal aviation trade secrets from General Electric (GE). Yanjun Xu, a deputy director in China’s Ministry of State...more

Trade Secrets/Non-Compete Quarterly Update - Q2 2023

Benesch on 8/2/2023

Welcome to our Q2 Trade Secret and Restrictive Covenant Update. As you can tell from the update, Q2 was a busy quarter in this space from both a regulatory, legislative, civil litigation and criminal litigation perspective....more

China’s New ’anti-espionage Law’ Raises Complex Compliance Issues for Multinational Corporations

Morgan Lewis on 5/11/2023

The Second Session of the Standing Committee of the 14th National People’s Congress voted and passed on April 26, 2023 the newly revised “Anti-Espionage Law of the People’s Republic of China” (the New Anti-Espionage Law). The...more

Theft of U.S. Companies’ IP Assets and Other National Security Issues Involving Foreign Governments and Foreign-Controlled...

Oberheiden P.C. on 7/29/2020

Federal authorities have recently described the threat of economic espionage from foreign entities as one of the greatest threats to the economic vitality of the United States, and this has led to an increase in...more

Privacy Developments in China, Singapore and Hong Kong

Sheppard Mullin Richter & Hampton LLP on 7/25/2019

International companies should keep in mind recent developments coming out of Asia on the privacy front. Chinese authorities are reported to be confiscating smartphones at the border to install surveillance apps. Companies...more

US Targets Telecommunications Transactions Involving the Information and Communications Technology and Services Supply Chain

White & Case LLP on 5/21/2019

On May 15, 2019, President Trump issued an executive order (EO), "Executive Order on Securing the Information and Communications Technology and Services Supply Chain," prohibiting certain transactions involving...more

10 Themes for 2018

Skadden, Arps, Slate, Meagher & Flom LLP on 1/23/2018

Tax reform, shifting international dynamics, Trump administration goals and a potentially strong market for transactions all seem likely to impact business activity in 2018. Below are 10 areas to explore in our 10th annual...more

China’s New Cyber Security Law Goes into Effect June 1, 2017

Fisher Phillips on 3/13/2017

China’s new cyber security law (Law) could have far-reaching impacts for companies that do business there. The Law goes into effect on June 1, 2017. As is typical of legislation passed by the Standing Committee of the...more

A Closer Look at Cybersecurity Legislation and Regulations in the US and Abroad - Global Overview

WilmerHale on 3/7/2016

With interconnectivity and use of digital storage expanding, cyberthreats posed by nation states, commercial competitors, company insiders, transnational organised crime and ‘hacktivists’ are growing on a global basis. Recent...more

Trade & Manufacturing - News of Note - October 2015

King & Spalding on 10/8/2015

President Xi's State Visit Brings Announcements on Cybersecurity and Climate Change - In late September, Chinese President Xi Jinping made his first state visit to the United States. Cybersecurity and climate change...more

Project CAMERASHY Details Cyberespionage By China’s Military

King & Spalding on 10/1/2015

In a story reminiscent of a Tom Clancy plot, the Wall Street Journal reported last Thursday on “meticulously documented” cyberespionage conducted by China’s People’s Liberation Army (“PLA”) Unit 78020 to further strategic...more

U.S. Considers Sanctions Against China For Cyber Hacking And Trade Secret Misappropriation

Orrick - Trade Secrets Group on 9/8/2015

You may have missed it this past weekend, but reports indicate the United States is considering sanctioning Chinese companies and individuals who have benefited from their government’s alleged cyber hacking of U.S. trade...more

China’s New Cybersecurity Policies: Is the Price of Compliance Worth the Risk of Disclosure?

Orrick - Trade Secrets Group on 3/27/2015

Tensions recently escalated in the United States and China’s ongoing exchange over online security and technology policies, as China adopted the first in a series of policies it previously approved at the end of last year. ...more

2015 Hot Topics for Multinational Companies

Littler on 12/23/2014

As we enter the New Year, Littler's international practice has identified a number of key employment and labor law issues for multinational companies (MNCs). The past year has brought to the fore some challenging issues...more

Trade Secrets Watch 2013 Year-In-Review

Orrick - Trade Secrets Group on 12/20/2013

It’s been a hot year in the trade secrets field, with some huge verdicts and settlements, a renewed spotlight on cyberattacks, and an unusual flurry of trade secrets legislation. Trade Secrets Watch’s 2013 Year-in-Review...more

The Real Lesson of Chinese Cyberhacking

Orrick - Trade Secrets Group on 5/1/2013

There’s been a lot of news lately about the Chinese military allegedly launching cyber attacks to steal U.S. trade secrets. This has gotten people riled up, including the President of the United States, who issued a 5-point...more

Obama Administration Solicits Public Help in Preventing Foreign Trade Secret Theft

McDonnell Boehnen Hulbert & Berghoff LLP on 3/22/2013

On Tuesday, the U.S. Intellectual Property Enforcement Coordinator, Victoria Espinel, published a notice in the Federal Register "requesting any recommendations for legislative changes that would enhance enforcement against,...more

U.S. Responding To Cyber-Espionage: White House Acknowledges Increasing Threat

Troutman Pepper on 3/15/2013

No longer cut from the cloth of 007’s expensive suits, fast cars or well-mixed drinks, present-day espionage is carried out, to a great extent, through computer screens, proxy servers and spoofed e-mail addresses. Dubbed...more

The Storm Has Arrived: Cybersecurity, Risks And Response

The Volkov Law Group on 2/25/2013

Every day the headlines report another Fortune 500 company suffering a hacking incident. For companies, the hack itself creates substantial risks of economic devastation caused by the theft of valuable trade secrets. Add to...more

APT Threat Report Shows Cybersecurity Risks Not Limited to Identity Theft

BakerHostetler on 2/22/2013

We often talk to companies who believe they are an unlikely target for hackers because they do not have financial account information, Social Security numbers, or medical information. However, personal information is not the...more

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