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Advertising company sues major insurance company for exclusive rights violation

16:28 15/12/2011

MOSCOW, December 15 - RAPSI, Dmitry Shchitov. A court has adjourned until December 20 its hearing of the ABV Advertising Service's $264,400 claim against the Ingosstrakh insurer and Alfa-Gifts for infringing its exclusive rights, the Russian Legal Information Agency (RAPSI/rapsinews.com) reports from the courtroom.

The advertising company seeks to recover damages and to remove from sale and destroy day planners and diaries adorned with the insurer's trademark. ABV also claims to deprive Alfa-Gifts from product layouts applying some know-how developed by the claimant.

ABV maintains that it has sustained losses as the result of Ingosstrakh's unilateral repudiation of contractual obligations and violation of intellectual property rights.

According to the lawsuit, Ingosstrakh and ABV entered into a contract on August 29, 2009.

ABV committed to supply over 10,000 diaries worth 3.8 million rubles ($120,000) and 14,000 day planners worth 4.31 million rubles ($135,700). Ingosstrakh committed to pay for the diaries in a timely manner. The claimant said it received 2.54 million rubles ($80,000) in prepayment.

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Advertising company sues major insurance company for exclusive rights violation

16:28 15/12/2011 A court has adjourned until December 20 its hearing of the ABV Advertising Service's $264,400 claim against the Ingosstrakh insurer and Alfa-Gifts for infringing its exclusive rights.
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