Turkmenistan Drafting Law on Unfair Competition

Turkmenistan is creating a law on unfair competition in the field of industrial property, the draft of which has not been finalized yet and will remain under the parliamentary consideration until the end of this year.

The draft is in line with international unfair competition regulations, namely Article 10bis of the Paris Convention for the Protection of Industrial Property.

The draft defines unfair competitors as both domestic and foreign physical persons and legal entities engaging in unfair business activities on the territory of Turkmenistan.

The draft defines the following as unfair competition acts:

• Causing confusion among consumers
• Misleading consumers
• Discrediting competitors
• Violating trade secrets
• Taking advantage of another’s achievements
• Comparative advertising

For more information, please contact Yuriy Karlash at our Ukraine office.

Source: PETOŠEVIĆ