The implementation of the Third Amendment to the Chinese Patent Law signifies China’s desire to create a business environment that provides stronger IP protection aimed at promoting foreign investment, innovation, and business expansion.
Foley and Deloitte recently presented the Global Marketplace — Eye on China: Roundtable Series, which explored how international companies investing in and locating new business, technology, and cutting-edge R&D in China can benefit from China’s strengthened IP laws — as well as changes in tax and business regulations — to harness, protect, and grow their business assets in China.
Specific topics included:
Challenges and opportunities arising from the Third Amendment
New opportunities for U.S. IP holders resulting from increased cooperation between the United States and China
General strategies for protecting IP in China
Protecting IP through nondisclosure agreements and non-compete agreements
The impact of IP-related incentives on corporate decisions to locate in China
New opportunities and challenges in Chinese markets, including rising costs, increasing talent, and burgeoning consumer markets
Chinese enterprise income tax reform, business tax updates, and technology-related tax incentives
China’s changing role for manufacturers
Panelists
Phil Schneider, Principal, Deloitte Consulting LLP
Lillian Xiao, Senior Manager, Deloitte Tax LLP
Jon Dudas, Foley IP Litigation Partner and former Under Secretary of Commerce for Intellectual Property and Director of the USPTO
Julie Lee, Foley Partner and member of the firm’s Tax & Employee Benefits and International Practices and the Automotive and Energy Industry Teams
Jeffrey S. Gundersen, Foley IP Senior Counsel
Catherine Sun, Foley Shanghai Office Managing Partner and Asia Practice Chair
For more information, contact Delia Dai at ddai@foley.com or 312.832.4506.
