
EU bolsters power to tackle in-transit counterfeits
The European Parliament (EP) has voted in favour of strengthened seizure powers for goods in transit that breach trademarks. The new provision – part of a comprehensive re-working of trademark law which also makes it easier to freeze and confiscate assets after a criminal conviction – were backed by 631 votes to 19 with 25 abstentions in the EP today. “Today, less than 1 per cent of the proceeds of crimes such as drug trafficking, counterfeiting, human trafficking and small arms smuggling are frozen and confiscated,” said the EP in a statement released after the vote.
Related Posts
Alibaba took down 90 million counterfeit products before its IPO
The Chinese e-commerce giant spent more than $160 million in the last two years...
CBP seizes $400k worth of counterfeit items at Port of Rochester
ROCHESTER, N.Y. (WROC) — More counterfeit items have been seized at the...
Unsafe Battery Products
The frequency of battery related accidents have seen significant increase over...
Four held in Delhi for circulating fake currency notes
Four men were arrested for allegedly printing and circulating Fake Indian...