Russian Supreme Arbitration Court sides with FAS Russia
The court's decision upheld the decision of the Federal Anti-monopoly Service to prevent the Yekaterinburg electric company from obtaining ownership of competing electric company City Network Company, Ltd. The decision relates to a 2009 Yekaterinburg Electric Grid attempt to obtain 100 percent of City Network's balance-sheet value of fixed production assets through a lease contract, UtilityProducts.com reports.
Yekaterinburg Electric Grid disagreed with the Federal Anti-monopoly Service's decision that the proposed transaction would restrict competition, and filed a lawsuit against the anti-monopoly service.
Following the lawsuit, the Moscow Arbitration Court, the 9th Arbitration Appeal Court and the Federal Arbitration Court of the Moscow District each supported the anti-monopoly authority's findings in turn. Now, the Supreme Arbitration Court of the Russian Federation has also sided with the Federal Anti-monopoly Service, bringing the Yekaterinburg Electric Grid Company's case to a close, according to UtilityProducts.com.
- Ural Airlines modifies rewards program
- Exhibition to celebrate Tchaikovsky's birthday
- Ural State Academy of Architecture and Arts hosts first StartUp Design Week
- URFU hosts annual natural history festival
- Robocenter added to map of important robotics centers
- Sverdlovsk housing market prices increase
- Volschansk Mechanical Plant expanding product range
- Sverdlovsk Regional Entrepreneurship Support Fund to accept applications for CMEF
- Over 4,500 residents have already lost jobs this year in Sverdlovsk
- USMU accepting Global Education program applicants