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MP Samvel Alexanian Fined 2,5 Million AMD

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  • MP Samvel Alexanian Fined 2,5 Million AMD

    MP SAMVEL ALEXANIAN FINED 2,5 MILLION AMD

    http://a1plus.am/en/economy/2010/05/19/vodka
    May 19, 2010

    On May 19, RA State Commission for the Protection of Economic
    Competition (SCPEC) imposed a fine of 2,5 million AMD on Alex Grig
    Company for providing an unfair competition in the market.

    A SCPEC monitoring revealed that the trademarks of several vodkas
    disstilled by Alex Grig are confusingly similar to some British and
    Ukrainian trademarks. In particular, "Medoff," "Premium," "Ukraine"
    bottled and sold by Alex Grig created confusion among buyers.

    SCPEC registered a violation of RA Law "On Protection of Economic
    Competition" and gave the company ten days to stop the production of
    vodka and submit documents on fine payments.

    Alex Grig was also fined 500000 AMD for its unauthorized activity in
    the sugar and oil market.
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