Criminal liability established for turnover of counterfeit signs

17:39 - 8.09.2020

September 8, Fineko/ Azerbaijan establishes criminal liability for trafficking in counterfeit signs.

ABC.AZ reports that this is reflected in the proposed amendment to the Criminal Code, which is included in the agenda of the meeting of the Parliament's Committee on Economic Policy, Industry & Entrepreneurship, to be held on 10 September.

According to the draft amendment, a fine of AZN 2,000 up to AZN 3,000 or a penalty of correctional labor for up to 2 years or imprisonment for up to 3 years will be applied for the production, acquisition, storage, sale of counterfeit signs, except for the purchase of retail objects by individuals for the purpose of consumption.

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