Luxury Goods Makers Cheer China Crackdown On Fakes

Law360, New York (January 4, 2006, 12:00 AM EST) -- Chinese authorities have begun cracking down on rampant counterfeiting of luxury goods in a move many experts say shows the country is starting to see benefits in upholding trademark rights.

Chanel, Prada and three other luxury goods makers won a symbolic victory when Chinese regulators ordered a mall operator to stop its vendors from selling knock-off goods.

But the $13,000 in damages awarded by the Chinese court is a drop in the bucket compared to the $60 billion in losses incurred each year by international companies...
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