Third Court supports FAS decision on pollock cartel
Wednesday, August 27, 2014, 23:40 (GMT + 9)
A third Russian court has backed a decision on a pollock cartel case and the Russian companies involved now face fines over USD 3.3 million for violations of the antimonopoly law.
The Federal Arbitration Court of the Moscow District has supported the judgment of Moscow Arbitration Court and the ruling of the 9th Arbitration Appeal Court that pronounced legitimacy and reasonableness of the Federal Antimonopoly Service (FAS) decision issued upon violations of the antimonopoly law on the market of catching and wholesale sales of pollock and products of its processing.
On 12 December 2012, FAS found that 26 fishing companies in the Far East formed a cartel for maintaining prices and restricting pollock catching in the spawning season, and that the non-profit organisation Pollock Catchers Association unlawfully coordinated economic activities.
At that time all cartel ... FULL STORY