FOR VIOLATIONS OF RULES OF ELECTRIC POWER MARKET, SHARES OF COMPANIES CAN BE FORCIBLY SOLD
The State Duma of the Russian Federation adopted the draft law developed by the FAS Russia in the 3rd reading
The document will affect companies that illegally combine natural monopoly and competitive activities.
After its adoption, the FAS Russia may apply to the court with a demand for the forced sale of shares of companies that continue to illegal combining. For example, when an organization carries out energy sales activities together with the transmission of electricity.
Currently, the FAS Russia has the authority to file a lawsuit in court only for the forced sale of company property, but not shares.
Thus, the Authority will be endowed with a full range of powers to monitor compliance with the prohibition on combining natural monopoly and competitive activities.
Shares that are subject to compulsory sale can only be transferred based on the results of an open auction*.
Reference:
* Resolution of the Government of the Russian Federation of October 21, 2013
No. 938