Confiscating the proceeds of IP crime: a modern tool for deterring counterfeiting and piracy

Over the past decade, illegal trade in counterfeiting and piracy has expanded to include virtually every product sector, including fake foods and beverages, books, electrical equipment, chemicals, mobile phone batteries, spare parts and toys. In an increasing number of countries, the massive infiltration of counterfeit and pirated products has created an enormous drain on national economies – crowding out billions in legitimate economic activity.

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