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.
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