From China to Vietnam Trade Secrets Stolen – What Businesses Need to Know
What would you do if your hard-earned trade secrets were suddenly stolen by your most trusted employees? Trade secret is a powerful weapon that helps businesses establish a competitive edge and achieve success. However, the threat of trade secret theft is always lurking, posing a danger to the survival of any business. Misappropriation of trade secrets not only causes financial damage to the company but also undermines its reputation, erodes customer trust, and negatively impacts the market.
In a recent ruling, the Wuhan People’s Court has issued its verdict in a trade secret misappropriation case involving Dou Moumou and Li Moumou. Both individuals faced severe consequences for their unethical business practices, having stolen technical secrets from Hao Company for personal gain.