GM subsidiary's dispute over Olympic symbols to be heard in February
MOSCOW, January 13 - RAPSI, Alyona Yegorova. A commercial court postponed on Friday until February 17 its hearing of a lawsuit filed by GM Daewoo Auto and Technology CIS to reverse the antimonopoly watchdog's decision on the unlawful use of Olympic symbols, the Russian Legal Information Agency (RAPSI/rapsinews.com) reports from the courtroom.
GM Daewoo Auto and Technology CIS imports and distributes GM Korean models.
The Federal Antimonopoly Service and the Sochi-2014 Organizational Committee claimed in June that the subsidiary was engaged in unfair competition by using the Olympic symbols to sell Chevrolet cars.
The violation boiled down to the company naming a Chevrolet car color, "Olympic white."
The watchdog's decision says "Olympic" is a protected verbal component of the Olympic Committee's trademark.
The company was fined 23.27 million rubles ($735,000).
GM argues that there is no evidence in the case materials that the use of the word "Olympic" in the company's brochure has given it any market advantage.