Informative note on the new Law for Transparency, Prevention and Combating of Unfair Practices in Advertising Contracting
On June 3, 2003, the Law for the Transparency, Prevention and Combating of Improper Practices in Advertising Contracting (the “Advertising Law”) was enacted. The purpose of this new law is to regulate advertising broadcasting relations in order to seek a healthier commercial competition and avoid practices that generate undue advantages that affect advertisers and consumers.