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THE ADVERTISING OF BANKRUPTCY SERVICES DID NOT LIKE THE UFAS

Illegal advertising of bankruptcy services for individuals was identified by the employees of the Federal Antimonopoly Service in the city of Blagoveshchensk. The department decided that the information in the advertisement inclines citizens to erroneous judgments about the ...

THE FEDERATION COUNCIL APPROVED FINES OF UP TO 1.6 MILLION FOR "INCORRECT" ADVERTISING OF LOANS

The Federation Council has approved a law providing for tougher liability for banks and microfinance organizations for advertising loans in violation of the law. The initiative also establishes responsibility for spam calls. Employees of banks and microfinance organizations who do not indicate the full cost of consumer credit in advertising face a fine of 40 to 100 thousand ...

KARI SHOE CHAIN INITIATES LITIGATION WITH FAS OVER CONTEXTUAL ADVERTISING

... is estimated by experts at 12%. The Zenden network is in second place with a 4% market share. In 2022, the company's net profit reached 537.6 million, while Kari's figure was 10.4 billion. The basis for contacting the FAS from Kari was the contextual advertising of a competitor. The Clothing House, which manages the Zenden shoe store chain, placed an advertisement in Yandex that appeared on the keyword query kari in the search results. Since the exclusive rights to the kari brand belong to the Kari ...

FAS declared bankruptcy advertizing illegal

The employees of the Federal Antimonopoly Service (FAS) assessed the actions of two law firms, advertising bankruptcy proceedings. Both times violations were revealed in the actions of legal entities, and the materials for further bringing to administrative responsibility were submitted to the court. In the first case, it was about misleading the consumers ...

RUSSIAN BANKS VOTED FOR PROHIBITION OF ADS RELATED TO BANKRUPTCY

The Federal Antimonopoly Service received an appeal from Russian banks – their representatives demand amendments to the law on advertising in order to protect individuals from the consequences of simplified bankruptcy. Now many organizations declare this service as a "bailout from debt", without specifying the way it threatens Russians. As it was reported by RIA Novosti, the letter was sent by the Association of Russian Banks. The representatives ...

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