New Commercial Anti-Fraud Law in Bahrain
Type
E-journal
Date
15 Mar 2016
Jurisdiction
Bahrain
Taxonomy
General Commercial Law, Financial & Business Offences
Copyright
LexisNexis
Relevant company
Al Tamimi & Company
Analysis
The legislator in Bahrain has recently passed several new regulations and amendments in a bid to strengthen its commercial anti-fraud laws.
One of the most important is the Law 62 of 2014 (the new Commercial Anti-Fraud Law), which was enacted and published on 9 October 2014 with immediate effect (the “New Law”). The new law establishes further grounds to trademark owners to file a complaint before the Bahraini authorities to pursue and impose sanctions against traders and entities that supply counterfeit products, including foodstuffs, basic and luxury products, medical products, cosmetics and other commodities.