Press-release of 13.07.2010

On 8th July 2010, the Federal Antimonopoly Service (FAS Russia) continued examining the case initiated against "Olimpiiskaya Panorama" CJSC for the signs of violating Clause 1 Part 1 Article 10 of the Federal Law "On Protection of Competition".

Investigating the case, the FAS Russia's Commission established that "Olimpiiskaya Panorama" CJSC was selling tickets for the Winter Olympics 2010 in Vancouver with mark-ups exceeding the maximum 20% mark-up, allowed under the Agreement on selling tickets, and fixed different prices for the same tickets. Thus, "Olimpiiskaya Panorama" CJSC violated Part 1 Article 10 of the Federal Law "On Protection of Competition", which prohibits actions (omissions) by an economic entity that has dominant position if they have resulted in infringing the interests of other persons. The FAS Russia's Commission also established violations of Clause 6 Part 1 Article 10 of the Federal Law "On Protection of Competition", which prohibits actions (omissions) by an economic entity that has dominant position if they have resulted in economically, technologically or otherwise unjustified fixing of different prices for the same goods.

Examination of the case against "Olimpiiskaya Panorama" CJSC will continue on 6th August 2010 as FAS would have to additionally determine legal matter of the case under Part 1 Article 10 and Clause 6 Part 1 Article 10 of the Federal Law "On Protection of Competition" and obtain additional evidence.