DISCREDITING AS ONE OF THE SIGNS OF UNFAIR COMPETITION

Everyone knows that the market economy is being improved through fair and healthy competition. However, today’s economy displays various types of unfair competition, which has a negative impact on market relations. In practice, quite often, there is such a form of unfair competition as to discredit in relation to competitors. It should be noted that the current legislation of the Republic of Uzbekistan provides a very general definition of the concept of unfair competition, while the current practice requires a clear and precise explanation of the methods described in this definition. In other words, the mechanism and nature of actions discreditation, which can cause damage or loss of business reputation are not specified. This article provides an expanded definition of «discrediting» as a prohibited form of unfair competition under the Law of the Republic of Uzbekistan «On Competition», based on international norms and legislative bases of foreign countries. The article, based on an analysis of the legislation of the Republic of Uzbekistan, the legal norms of foreign countries and scientific literature, reveals the peculiarities of damage to business reputation by disseminating false, inaccurate and distorted information about a competitor.

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