OJSC MMC Norilsk Nickel announced that the Arbitration Court of the Krasnoyarsk Territory satisfied the Company's claim to rule as illegal and cancel the order of the Regional Office of FFMS of Russia in the Siberian Federal District on imposition of administrative sanctions on MMC Norilsk Nickel.The order was issued on the basis of the administrative offense report drafted by the FFMS of Russia.
According to the FFMS of Russia and the RO of the FFMS of Russia in the SFD,the Company committed law violation with respect to presentation and disclosure of information on financial markets.The administrative authorities considered that the Company's 2011 Annual Report lacked information on the remuneration of the sole executive body.
After complete and comprehensive examination of the case files,the arbitration court ruled in favour of the Company by adjudicating the imposition of administrative sanctions on the Company as illegal.