Making profits at all costs is the key factor for wealth, therefore information about marketers might not be checked very carefully. The legal provisions are basically clear though. Since my article of 19 March 2019 i have been contacted by various minors who have been encouraged by other Lyconet marketers to sign up at Lyconet […]
Publication of the Authority dated 13.03.2019 (Norwegische Behörde 13.03.2019) in translation: Lyoness – Request for a written confirmation that the infringement against the Ponzi scheme regulations of the lottery law has been remedied, cf. § 16 (4) of the lottery law The supervisory authority for lotteries refers to the lottery committee’s resolution of 27 January […]
After its prohibition in Norway and Italy as well as the final convictions as a snowball system (Ponzi scheme) in Austria and Switzerland, Lyoness is planning its entry into other countries. Amongst them are Malaysia, Taiwan, Singapore, Japan, Argentina, Columbia, Egypt and even African countries.. Presentation during an event in January It may not […]
Lyoness Europe AG and Lyoness Norway AS appealed against this resolution, lastly due to “procedural irregularity and disproportion”. The authority confirmed the resolution on 27 January 2019 according to which Lyoness’ entire business is an illegal pyramidlike trading system in accordance with § 16 (2) of the lottery law and announced that the ban of […]
The Italian competition authority (AGCM) adopted a decision (19 December 2018) – as the Norwegian competition authority did before – showing that Lyoness/Lyconet’s business practices are wrong (incorrect/irregular) and now prohibits its dissemination and continuation. Amongst others, investigations are currently still in progress in Poland. Page 35 of the Italian decision: (Decision Italy 19.Dec. 2018) […]
The Autorità garante della concorrenza e del mercato, also known as „Antitrust“ or AGCM, is the national Italian Competition Authority. On December 18, 2018, the judgement on whether Italy rates Lyoness as a snowball system or not, will be passed. The Situation seems to be quite similar to Norway. In the field of „Cashback-World“ Italy […]
INTERSPORT is the biggest medium-sized mail order business group in worldwide sports retail. Under, 5800 locations in 65 countries are united under the umbrella of the IIC-Intersport International Corporation GmbH, the purchasing and management corporation of the Intersport group. In 2014 they generated a turnover of EUR 10,5 billion. With market shares of around 36% […]
The Austrian High Court judgment passed on the Lyoness General Terms and Conditions (case ref. 10 Ob 45/16i of 18 May 2018) already cite EU directives in the statement of grounds for the judgement on pages 8/9. From the Austrian High Court judgement, 2.1.2: Any unclear or incomprehensible contract term in the general terms and […]
Mit Lyconet hat die Klägerin 2014 die sog. Customer Clouds ins Leben gerufen. Vertragspartner ist nach wie vor die Lyoness Europe AG. Die von Lyoness angebotenen Customer Clouds funktionieren auf die gleiche Art wie die Rabattgutscheine, mit dem Unterschied, dass die Rückzahlung auf dem Umsatz von Mitgliedern außerhalb des Netzwerkes des Mitgliedes beruht. Es gibt […]
On 31 May 2018, the Norwegian Gaming Authority made the decision in which Lyoness was notified that it must immediately cease all operations of, participation in and extent of its activity in Norway, as it is in violation of Section 16 second paragraph, cf. first paragraph, of the Lottery Act. In a supervisory case against […]
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