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THE FAS FINED FC OTKRITIE 700 THOUSAND RUBLES.

The Federal Antimonopoly Service (FAS) fined FC Otkritie Bank for improper advertising of consumer credit. The credit institution did not name the essential conditions, which was misleading to potential customers. The advertisement for FC Otkritie talked about a 4% rate and an amount ...

KARI SHOE CHAIN INITIATES LITIGATION WITH FAS OVER CONTEXTUAL ADVERTISING

On December 1, 2023, Kari Company (TIN 7702764909) filed an application with the Moscow arbitration court (case no. A40-283677/2023). The firm demanded that the decision of the Federal Antimonopoly Service (FAS), adopted on September 14, 2023, be declared illegal. The antimonopoly authority refused to initiate a case of violation of the law by the Clothing House company (which manages the Zenden shoe chain). After the TsentrObuv network, which was the leader ...

THE POWERS OF THE FAS IN RELATION TO THE BANKRUPTCY OF TRADES ARE LIMITED

The debtor's manager applied to the court to challenge the order of the Federal Antimonopoly Service (FAS) issued in connection with the violation of the bidding procedure, which, according to the agency, resulted in the non-admission of the bidder to the auction (case no. A40-263182/22). The courts of two instances rejected the arguments of the manager,...

THE ADVERTISING OF BANKRUPTCY SERVICES DID NOT LIKE THE UFAS

Illegal advertising of bankruptcy services for individuals was identified by the employees of the Federal Antimonopoly Service in the city of Blagoveshchensk. The department decided that the information in the advertisement inclines citizens to erroneous judgments about the trouble-free conduct of procedures related to insolvency. The advertisement was distributed by a commercial organization from the Moscow region. As reported on the website of the Amur Federal Antimonopoly Service, in the texts...

Supreme Court of Russia indicated that FAS has no right to control bankruptcy auctions

... citizen sent an application, but was not allowed to participate in the auction due to the failure to provide the notarized consent of the spouse to the transaction for the acquisition of property. According to this, the citizen filed a complaint with the FAS against the actions of the bankruptcy trustee, due to the results of which the antimonopolists came to the conclusion that the bidding procedure was violated - due to the contradiction of the requirement to provide the spouse's notarized consent to ...

FAS declares war on insurance slavery

The Federal Antimonopoly Service has prepared a document providing for the borrower's right to choose an insurance company when applying for a loan. What is more, the right to replace the insurer after signing the loan agreement without worsening the conditions of it is also secured. The innovation also provides for the obligation of banks to provide a list of insurers with whom it is possible to conclude an agreement. At the same time, insurance companies themselves must correspond only to a...

Moscow Arbitration Court will consider Apple's claim against FAS

Apple Inc. filed a lawsuit with the Moscow Arbitration Court against the Federal Antimonopoly Service (FAS). The document has already been published on the court's website and is currently awaiting a procedural decision. According to preliminary data, the dispute between the parties to the process arose on the basis of purchases in the App Store application,...

FAS declared bankruptcy advertizing illegal

The employees of the Federal Antimonopoly Service (FAS) assessed the actions of two law firms, advertising bankruptcy proceedings. Both times violations were revealed in the actions of legal entities, and the materials for further bringing to administrative responsibility were submitted to the court....

The Arbitration Court of Moscow will consider the claim of ‘Maxim’ taxi service against FAS

... enterprises of the company at once - from the cities of Kursk and Kazan. The first meeting will take place at the end of October. The trial was preceded by an attempt of ‘Maxim’ taxi to challenge the actions of a new player in the taxi market with the FAS, writes Kommersant. The applicant referred to the price dumping, pointing out that ‘Didi’ probably payed extra to drivers because the cost of transportation does not correspond to the market prices. However, considering the situation, Federal Antimonopoly ...

FAS latched on to the fake liquidation of Sunlight company

... giving ‘everything for free’ was compared to an ex-boyfriend who could not leave his beloved. However, this time the antimonopoly departments of several regions of the country got interested in the activities of the company. The representatives of FAS of the Chelyabinsk region paid attention to the Sunlight chain only after one of the consumers had complained about the advertisement. Having received another message from the Sunlight company, the citizen complained about the deception. Unreliable ...

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