OREANDA-NEWS. June 21, 2013. The 9th Arbitration Appeal Court agreed with the position of the Federal Antimonopoly Service (FAS Russia) and dismissed the claim of “Stolitsa” Homeowners Association” Ltd. on invalidating the determination issued by the antimonopoly body on imposing an administrative fine (300,000 Rubles).

The company committed an administrative violation by knowingly providing unreliable information to FAS about the content of the agreements for installing payment terminals that accept payments for housing & utilities services concluded with “Perspektiva” Ltd. and “Evrika” Ltd.

“Stolitsa” Homeowners Association” Ltd. challenged the FAS determination at Moscow Arbitration Court.

On 25th February 2013, Moscow Arbitration Court dismissed the claim of “Stolitsa” Homeowners Association” Ltd., confirming legitimacy and reasonableness of FAS determination.

Reference:

Under Part 5 Article 19.8 of the Code on Administrative Violations, failure to submit information (data) to the antimonopoly body upon a request of this body as well as knowingly submitting unreliable information (data) to the antimonopoly body is punishable by an administrative fine upon legal entities – from 300,000 to 500,000 Rubles.