Partner Emma Pitcher is quoted in World Intellectual Property Review’s (WIPR) feature about the “Trade in Counterfeit and Pirated Goods: Mapping the Economic Impact Findings” report released by the OECD and the European Union Intellectual Property Office.
The report illustrates the statistics around intellectual property infringement, covering all physical wares which infringe patents, trademarks and design rights, as well as pirated goods which breach copyright. WIPR’s article highlights some of the key findings of the report, including the huge amount of money that is made from counterfeit goods by pirate organisations.
Commenting on the report, Emma asserts that the amount that counterfeiters generate “probably makes it one of the world’s major industries. Many people would say ‘what’s the problem with buying a fake Louis Vuitton bag?’, but very often the counterfeiters are gangsters and it’s a front for money laundering organised crime.”
Read the article in full here.