MOSCOW, August 24 - RAPSI. The Moscow Commercial Court has upheld the financial markets watchdog's refusal to open an administrative case against Norilsk Nickel, the court told the Russian Legal Information Agency (RAPSI/rapsinews.com) on Friday.

Rusal sought to open the case due to Norilsk Nickel's failure to produce a list of the individuals entitled to attend the general shareholders meeting on February 1.

The watchdog argued that Rusal requested the list in breach of the applicable regulations.

Rusal filed a complaint to invalidate the regulator's refusal. On August 23, the court held against Rusal, as Norilsk Nickel's actions fully complied with legislative standards and administrative legislation had not been violated, Norilsk Nickel said.

Norilsk Nickel is the world's largest nickel producer (18 percent of worldwide output) and palladium producer (nearly 50 percent of worldwide output). It is also a leading platinum producer (around 13 percent of worldwide output) and copper producer (2.5 percent of worldwide output). The company also produces cobalt, chrome, rhodium, silver, iridium, ruthenium, selenium, tellurium and sulfur.

Rusal owns a blocking share in Norilsk Nickel.