OREANDA-NEWS. February 09, 2011. The 9th Arbitration Appeal Court confirmed validity of the decision and determination issued by the Federal Antimonopoly Service (FAS Russia) regarding “Plastic” OJSC, reported the press-centre of FAS Russia.

Earlier FAS Russia found that “Plastic” OJSC violated Clause 1 Part 1 Article 10 of the Federal Law “On Protection of Competition”.

In Q1 2009 “Plastic” OJSC fixed monopolistically high price for emulsion-polymerized polystyrene (PSE-1) used in production of foam plastic.

“Plastic” OJSC disagreed with the decision of the Antimonopoly Service and filed a lawsuit. The Courts of two instances dismissed the company’s claim.

Reference:

Clause 1 Part 1 Article 10 of the Federal Law “On Protection of Competition” prohibits fixing and maintaining monopolistically high or low prices.