Рейтинг@Mail.ru
RusEng

News

Nickel producer's complaint against fine dismissed

10:33 18/06/2013

MOSCOW, June 17 (RAPSI) - The Moscow Commercial Court has dismissed the lawsuit filed by Norilsk Nickel against the court decision to fine it 500,000 rubles ($15,785) for failing to provide information to a shareholder, RAPSI learned in the court.

The country's financial authority fined Norilsk Nickel at the request of a shareholder who holds 25% of the company's voting shares, who complained that Norilsk Nickel had not provided a number of documents required by legislation. 

The nickel producer told the shareholder that the documents contain confidential information and its disclosure could damage the company's interests. In particular, the documents included the data about Norilsk Nickel's counteragents and also nickel and copper sales terms. 

The court ruled that if the documents requested by the shareholder contain confidential information, the company must send the shareholder copies of the document with the sensitive information blacked out. The company must also explain to the shareholder why the said information is considered confidential.

As an alternative, Norilsk Nickel could offer the shareholder to sign a confidentiality agreement.

Share thisE-mail this articlesubmit newsAdd to blogrss feed
Add to blog
To link to this material, copy the code to your blog.
Publishing code:
Preview:

Nickel producer's complaint against fine dismissed

10:33 18/06/2013 The Moscow Commercial Court has dismissed the lawsuit filed by Norilsk Nickel against the court decision to fine it 500,000 rubles ($15,785) for failing to provide information to a shareholder, RAPSI learned in the court.
Forward news story

All fields are mandatory!

Submit news

All fields are mandatory!

Share this

Top news