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;

Stock News for Philips Electronics (PHG)
09/03/201409:40:05EU Fines for Smart Card Price Fixing
09/03/201408:59:21EU Fines Smart Card Chip Producers Over Cartel -- Update
07/21/201418:03:34ADR Shares End Mixed; Philips Shares Trade Actively
07/21/201415:03:32Markets Slip as Russia, Middle East Tensions Flare -- 3rd Update
07/21/201404:40:11Philips to Boost Earnings Despite Profit Drop
07/08/201417:34:14ADR Shares End Lower; Philips, Shire Trade Actively
06/30/201417:04:08ADR Shares End Mixed; Philips, America Movil Trade Actively
06/30/201412:45:12EUROPE MARKETS: Europe Stocks Edge Back; EasyJet Drops On Downgrade
06/30/201409:34:43U.S. Hot Stocks: Hot Stocks To Watch
06/30/201409:27:16EUROPE MARKETS: Europe Stocks Fall; BNP Wavers On Settlement...
05/15/201412:26:19EUROPE MARKETS: European Stocks Slide On Global Growth Worries
04/28/201402:30:08Philips to Sell WOOX Innovations to Gibson Brands
04/22/201412:38:25EUROPE MARKETS: Drug Stocks Drive European Markets Higher
04/22/201409:34:00Philips Forecasts Challenging Year After Posting 14% Profit Drop...
04/22/201406:30:10TNT Express Appoints New CFO
04/22/201404:29:26Philips Forecasts Challenging Year After Posting 14% Profit Drop--Update
04/17/201407:24:13EARNINGS PREVIEW: Philips 1Q Net Profit Seen Down 29%
04/04/201413:10:05Intertrust Settles Patent Suit Against Apple
02/25/201417:06:15ADR Shares End Lower; Randgold Resources, Philips Shares Active
02/25/201404:51:43Philips Says More Than Half of Sales in 2013 Were Green Products

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