The Superintendency of Industry and Commerce (SIC) recently
defined the rules applicable to loyalty programs in Colombia.
Loyalty programs that attract consumers to products or services
by providing benefits, such as points, are categorized as
"offers and promotions with incentives" buy the Consumer
Those who promote or publicize loyalty programs are governed by
the rules of the Consumer Statute and the Single Circular of the
Superintendence of Industry and Commerce in order to avoid acts of
deception to consumers through pieces of misleading
All advertising material, including loyalty plans created by the
producer or supplier of a product or service, must provide the
consumer with sufficient, clear, truthful, timely and accurate
information regarding the products they offer in market.
Advertising will be deemed misleading when the conditions of
loyalty program associated with a product or service are untruthful
about its components, properties or benefits or when information
provided is incomplete or not transmitted in a suitable way.
Finally, the SIC argues that the principles of economic freedom
enshrined in the Constitution allows for individuals to carry out
activities of an economic nature that create, maintain or increase
assets. However, such freedom is limited by the rights of others
and by the prevalence of the general interest.
Accordingly, entrepreneurs can enact market strategies for goods
and services in a way they consider most appropriate as long as the
limits imposed by the law and the general principles of law are
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The introduction of Additional Buyer Stamp Duty (ABSD) on 7 December 2011 took the Singapore Real Estate market by storm, effectively dampening purchase and development of residential properties. More than 5 years after the advent of ABSD, industry players continue to grapple with the legal pitfalls of this tax payable by non-individuals and affected individuals.
The ambit of "residential properties" is wide, bringing the master plan zoning of land into consideration in circumstances even when the approved use of the same land is inconsistent with the zoning. The flexibility of the remission conditions continue to be tested in the light of practical issues arising in the course of development.
The recall in Brazil is the process by which the manufacturer or
service provider has the obligation to recall any product or
service which may pose any risk to the safety or health.
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