ADVFN - Advanced Financial Network.
HOME» NYSE » P » PHG Stock Price » PHG Stock News

Philips Electronics Share News

 Koninklijke Philips Electronics N.v. Stock Price
PHG Stock Price
 Koninklijke Philips Electronics N.v. Stock Chart
PHG Stock Chart
 Koninklijke Philips Electronics N.v. Stock News
PHG Stock News
 Koninklijke Philips Electronics N.v. Company Information
PHG Company Information
 Koninklijke Philips Electronics N.v. Stock Trades
PHG Stock Trades

EU Court: Counterfeit Goods Can Only Be Seized When Destined For EU

BRUSSELS -(Dow Jones)- Suspected counterfeit or pirate goods can only be seized on arrival in the European Union when they are meant for sale there, Europe's highest court said in a judgment Thursday. The judgment is based on two cases referred to the European Court of Justice (ECJ) from national courts based on cases involving Philips NV (PHG) and Nokia Corp. (NOK) relating to electric shavers and mobile phones respectively which were taken by authorities. It relates to conditions under which fake or imitation goods coming from non-EU states may be detained by the customs authorities in the 27-country bloc. "Where those goods are in customs warehousing or in transit in the EU, they can be classified as 'counterfeit' or 'pirated' goods if it is proven that they are intended to be put on sale in the EU," the ECJ said in a statement. However, "the court considers that goods in respect of which it is not proven, after substantive examination, that they are intended to be put on sale in the European Union cannot be classified as 'counterfeit goods' and 'pirated goods'." However, if it can be shown the goods were intended for sale in the EU--for example because they were advertised for sale, or the companies involved are being evasive, then EU rules apply. "There's no question they can be blocked when they're meant to be sold to people here," Geert Glas, Partner at the law firm Allen & Overy LLP told Dow Jones Newswires. "What is debateable is if a company in Korea ships something to a company in Canada via the port of Rotterdam." Glas said the judgment is "a bit of a disappointment to some intellectual property owners" as it means suspected counterfeit goods can only be held if it can be shown they were intended for sale in Europe, or there is a lack of cooperation from the companies involved. -By Frances Robinson, Dow Jones Newswires, +32 2 741 1486; frances.robinson@dowjones.com

Stock News for Philips Electronics (PHG)
DateTimeHeadline
04/21/201509:45:00Take your oral care routine from "zero to sixty" with the new...
04/21/201509:00:00No rebate? No problem - Philips sets new standard for 60-watt...
04/14/201511:00:00New Philips Survey Reveals Clinical Improvements and Interoperability...
04/14/201508:00:00Philips drives improvements to the patient experience at the...
04/14/201508:00:00Philips drives improvements to the patient experience at the...
04/13/201513:00:00Philips introduces mobile application to keep nurses connected...
04/13/201508:00:00Philips Lifeline introduces new predictive analytics engine to...
04/12/201517:05:03Is Amazon's Echo On Its Way to Taking Over Your Home?
04/10/201508:00:00Philips showcases next generation connected health technology...
04/08/201509:00:00Los Angeles Becomes First City in the World to Control Street...
04/08/201508:00:00Philips Achieves ENERGY STARâs Highest Honor - Partner of the Y...
04/01/201509:00:00Philips Pico CPAP Nasal Mask Now Available in the United States
03/31/201518:22:50ADR Shares End Mixed; Petrobras Shares Rise
03/31/201512:12:10Philips Sells Lighting Business to Consortium--2nd Update
03/31/201508:59:42Report of Foreign Issuer (6-k)
03/31/201506:30:47Wall Street Breakfast: Euro Heads For Biggest Quarterly Fall...
03/31/201505:00:54Philips Sells Lighting Business to Consortium--Update
03/31/201503:58:20Philips sells lighting-division stake for $2.8B
03/31/201502:09:07Philips Sells Lighting Business to Consortium
03/31/201501:00:00GO Scale Capital Investment Consortium Leads 80.1% Acquisition...

Philips Electronics and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad