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12.09.2024 | đź‡đź‡ş Hungarian competition authority
A Hungarian company, Slate Design Kft., was fined 4.8 million forints by the Hungarian Competition Authority (GVH) for deceiving consumers with false claims in their advertisements about the characteristics of their stone cladding products.
The company made misleading statements implying market leadership and product superiority, which they could not substantiate adequately, leading to consumer deception.
By admitting the violation and waiving their right to appeal, the company received a 40% reduction in the fine amount, along with a prohibition on the use of a specific slogan.
The GVH emphasizes the importance of businesses complying with consumer protection rules in their market entry and advertising strategies, warning against using unsubstantiated claims to attract consumer attention.
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