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Gibreel bookmarked on 2008-12-01 IP customs MyDollarStore L'Oreal trade IPR Enforcement Rules 2007

French cosmetics and toiletries giant L’Oreal has hauled discount retailer MyDollarStore to court over issues relating to intellectual pro
perty rights (IPR) and illegal imports, it is learnt. The company has filed a case against MyDollarStore in the Delhi High Court recently, sources said.

In recent times, MNCs have been upset over the move by retailers to import top global brands, claiming that this leads to loss of business opportunity, unfair competition and product cannibalisation. However, sources said hectic parleys are on between the two parties and the talks could lead to an out-of-court settlement. L’Oreal officials did not reply to an ET query on the subject. MyDollarStore officials were also unavailable for comment.

  • Several MNCs have invoked the
    Intellectual Property Rights (Imported Goods) Enforcement Rules 2007 Act to stop
    retailers from importing their foreign brands. Companies like Hindustan
    Unilever, L’Oreal, Lancome Perfumes, Oakley, Nivea and Mico have already
    registered several brands under notification No.47/2007 of the IPR Act with the
    Customs.

This link has been bookmarked by 1 people . It was first bookmarked on 01 Dec 2008, by gibreel ferishta.

  • 01 Dec 08
    gibreel
    gibreel ferishta

    French cosmetics and toiletries giant L’Oreal has hauled discount retailer MyDollarStore to court over issues relating to intellectual pro
    perty rights (IPR) and illegal imports, it is learnt. The company has filed a case against MyDollarStore in the Delhi High Court recently, sources said.

    In recent times, MNCs have been upset over the move by retailers to import top global brands, claiming that this leads to loss of business opportunity, unfair competition and product cannibalisation. However, sources said hectic parleys are on between the two parties and the talks could lead to an out-of-court settlement. L’Oreal officials did not reply to an ET query on the subject. MyDollarStore officials were also unavailable for comment.

    IP customs MyDollarStore L'Oreal trade IPR Enforcement Rules 2007

    • Several MNCs have invoked the
      Intellectual Property Rights (Imported Goods) Enforcement Rules 2007 Act to stop
      retailers from importing their foreign brands. Companies like Hindustan
      Unilever, L’Oreal, Lancome Perfumes, Oakley, Nivea and Mico have already
      registered several brands under notification No.47/2007 of the IPR Act with the
      Customs.

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