Azer-Asia Insurer to sue UniBank for stealing its slogan

Ganbar Subhanverdiyev, chair of the board of Azer-Asia, told APA that they have already warned UniBank against using this slogan.

"We will go to court if they don't stop using our slogan," he noted.
He added that Azer-Asia has used this slogan since 2004 but patented a week ago. UniBank press service said they have no information and declined to give any comment.

Azer-Asia Insurance JV was established by Iran's Asia Company (49%) and Azerbaijan’s Azersigorta State Commercial Company (51%) in 1997. It provides 7 voluntary and 2 compulsory types of insurance services.

UniBank is owned by the EBRD (15.15%), DEG Investment Corporation (8.3%), legal entities (0.9%) and individuals (75.62%). The bank was established in 1992.