GVH issues HUF 90 mln fine for two MLM companies

Deals

Cloulyn Pro Ltd. and ASSORT FLEX Kft. were fined by Hungary’s Competition Office (GVH) a combined HUF 90 million for charges of misleading advertising, Hungarian news agency MTI reported today.

According to GVH, during the marketing of the two companies’ Lavylites product line in the period of August 2013 - November 2015 in an MLM system, the companies made unsubstantiated claims on the efficiency and the medical and health effects of the products, MTI reported.

Cloulyn Pro Ltd. received a fine of HUF 50 mln and distributor ASSORT FLEX a fine of HUF 40 mln.

ADVERTISEMENT

Purchasing Managers' Index rises Analysis

Purchasing Managers' Index rises

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

New Jewish cultural hub opens in Budapest City

New Jewish cultural hub opens in Budapest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.