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GM subsidiary challenges adverse decision in Olympic insignia case

15:14 10/04/2012

MOSCOW, April 10 - RAPSI. General Motors Daewoo Auto and Technology CIS has filed an appeal against a court decision upholding the conclusion of the antimonopoly watchdog that the company illegally used Olympic insignia.

In February the Moscow Commercial Court held against the GM subsidiary, which sought to overturn the June 23, 2011 decision of the watchdog and the order to fine the company 23.27 million rubles ($785,200).

The Federal Antimonopoly Service and the Sochi-2014 Organizing Committee claimed in June, 2011 that the company was engaged in unfair competition by using Olympic symbols to sell Chevrolet cars.

The violation boiled down to naming one of the car colors, "Olympic white."

The watchdog's decision states that "Olympic" is a protected verbal component of the Olympic Committee's trademark registered for several goods, including motor vehicles.
The watchdog also stated that only Volkswagen Group Rus, general partner of the Winter Olympics in Sochi, is authorized to use Olympic symbols when advertising cars in Russia.

No such agreement was made with General Motors Daewoo Auto and Technology CIS or Chevrolet dealers.

GM Daewoo Auto and Technology CIS imports and distributes GM Korean models.

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GM subsidiary challenges adverse decision in Olympic insignia case

15:14 10/04/2012 General Motors Daewoo Auto and Technology CIS has filed an appeal against a court decision upholding the conclusion of the antimonopoly watchdog that the company illegally used Olympic insignia.
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