At Doing Business Globally in New York today, a panel of Baker & McKenzie attorneys discussed protecting trade secrets in the US, Europe and China.
The panel included Baker & McKenzie partners Bart Rankin from Dallas, Ryan Fayhee from Washington, DC, Jochen Herr from Munich, and Shih Yann Loo from Hong Kong.
A few highlights:
- Technology has made trade secret misappropriation much easier for bad actors, as well as more difficult for victims to track and trace.
- The International Trade Commission is often overlooked as a venue, especially effective when the opponent resides outside the US.
- Know your company’s trade secrets or “crown jewels” before a breach occurs.
- Companies in the US who are victims of trade secrets theft may be nervous when the government becomes involved. They may be concerned their trade secrets will end up in a public forum, and wonder how to work with law enforcement effectively.
- The US government is very sensitive to protecting and working with victims.