COURT SUPPORTED FAS DECISION AGAINST COMPANIES WORKING IN ORTHOPEDIC PRODUCTS MARKET
The service found six companies violated the antimonopoly legislation. Turnover-based fines will be imposed on companies.
The Arbitration Court of Moscow recognized the decision of the FAS Russia against the Trives Trade LLC, Medexpert LLC, Optomed LLC, Maltri LLC, ORTO LLC and Ecotenas LLC as lawful.
The companies entered into an anti-competitive agreement in the wholesale market of orthopedic products intended for the prevention and treatment of diseases of the musculoskeletal system. They set retail prices for counterparties and applied sanctions to sellers who sold products at prices below the recommended ones.
The FAS Russia found the companies violated the antimonopoly legislation. Turnover-based fines will be imposed on companies**.
For reference:
* Paragraph 1 of the Part 1 of the Article 11 of the Law on Protection of Competition
** Under paragraph 1 of Article 14.31 of the Code of Administrative Offences of the Russian Federation