PC Code Stripping - Is It Legal Or Not?

Apparently "PC code stripping" is a big issue in the EU. Who knew?
"Whilst re-selling game keys may well amount to a breach of contract – as such re-selling is almost invariably prohibited by the terms of the corresponding game’s End User Licence Agreement – whether such re-selling is illegal has been unclear for some time," says Harbottle and Lewis associate Nicolas Murfett.