OREANDA-NEWS. August 28, 2012. OJSC MMC Norilsk Nickel (hereinafter – MMC Norilsk Nickel or the Company) announces that yesterday Moscow Arbitration Court rejected UC RUSAL LLC’s claim to find the ruling  of FFMS of Russia illegal. According to this ruling, the service rejected UC RUSAL LLC’s request to initiate proceedings against MMC Norilsk Nickel in relation to administrative violations, reported the press-centre of Norilsk Nickel.

According to the plaintiff, FFMS should have initiated an administrative case against the Company in relation to the Company’s failure to provide UC RUSAL Investment Management LLC with the list of persons eligible for participation in the extraordinary general meeting of shareholders, held on 01.02.2012.

FFMS of Russia refused to initiate a case due to the fact that the request UC RUSAL Investment Management LLC filed to receive the list of persons included violations of the current legislation.  

Believing that its rights have been violated, UC RUSAL Investment Management LLC sent its request to the arbitration court to find FFMS’s ruling illegal.

As the result of a full and comprehensive examination of the subject, arbitration court concluded that plaintiff’s claims concerning violation of its rights have no basis in law; administrative body’s refusal to initiate the case is justified whereas the actions of MMC Norilsk Nickel fully complied with the legal requirement and consequently, the event of administrative violation is absent.