MOSCOW, December 21 - RAPSI, Dmitry Shchitov. The Supreme Commercial Court has registered a second petition to reconsider lower-court cancellations of the financial markets watchdogs order issued to MMC Norilsk Nickel, the court told the Russian Legal Information Agency (RAPSI/rapsinews.com).

MMC earlier reported that its major shareholder Rusal Investment Management repeatedly criticized the results of the June 2010 general meeting of the MMC shareholders and initiated inspections, which were held by the watchdog. As a result of an inspection in October 2010, the financial markets watchdog ordered MMC to dissolve violations of the law committed during interested-party transactions.

MMC then filed a lawsuit with the court to invalidate the order.

Norilsk Nickel is the largest nickel and palladium producer in the world. It also produces gold, silver, iridium and osmium.