A PYMNTS Company

Russia: Court backs rejection of complaint against FAS raids

By  |  July 12, 2013

Payments chain Metro Cash & Carry received unwelcome news Thursday as a court of appeals upheld a lower court’s dismissal of the company’s complaint against Russia’s Federal Antimonopoly Service. The Ninth Commercial Court of Appeals backed an earlier ruling to toss the complaint, lodged against the regulator in dispute of raids issued at Metro Cash & Carry offices. The FAS raided various offices as part of an inspection to assure compliance with the nation’s antitrust laws; the company reportedly failed to provide the FAS with additional information following a request, a violation publishable by a fine under competition law.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Rapsi

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.