According to the Financial Times a number of European publishers are holding off on signing onto the iBookstore. They feel that the minimum pricing requirements might be illegal under UK law.

One publishing executive told the Financial Times: “We are not absolutely sure the agency model is either legal or ideal for our authors and us.” Another publishing industry insider said the agency model was “price fixing by the back door” under UK rules. Although there could be a way around this legal hurdle, the uncertainty has left some publishers sitting on the fence.

However, the article points out that some have joined, in part, because Apple allows local currency pricing, which Amazon currently does not provide.

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