ARBITRATION COURT OF THE MOSCOW REGION PRONOUNCED LEGITIMACY TO HOLD “PODOLSK ENERGY PLANT” LTD. ADMINISTRATIVELY LIABLE
Arbitration Court of the Moscow region recognized legitimacy of a position of Moscow Regional OFAS on holding “Podolsk Energy Plant Named After Kalinin” Ltd. (“PEP” Ltd.) administratively liable
To control compliance with the Information Disclosure Standards by participants of the wholesale and retail electric power markets, approved by No. 24 Decree of the Government of the Russian Federation of 21.01.2004, the antimonopoly body inspected the web-site of “Kalinin PEP” Ltd.
OFAS found that the company had breached its obligation to place information subject to disclosure on its official web-site. Moscow Regional OFAS decided to hold “Kalinin PEP” Ltd. administratively liable and fined the economic entity 200,000 RUB.
The company disagreed with the decision and filed a lawsuit.
Arbitration Court of the Moscow regiondismissed the claim and confirmed legitimacy of the position taken by Moscow Regional OFAS.