Seizures of Counterfeits Rise Sharply in E.U.

Law360, New York (November 24, 2003, 12:00 AM EST) -- Counterfeiters are no longer confining their activities to luxury goods but are increasingly turning their attention to consumer goods such as foods, medicines, mobile phones and batteries, the European Commission said on Monday.

European Union customs seized almost 85 million counterfeit or pirated articles at the E.U.'s external border in 2002 and 50 million in the first half of 2003, the European Commission said Monday.

"We are increasingly finding ourselves seizing everyday products: tea, spinning tops, mobile phones. These products are dangerous because there is no...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.