The Chisinau Appeals Court confirmed that I.C.S. “Red Union Fenosa” SA must pay a fine of over 186,000 lei for violating the legislation on competition protection, the company being penalized for inequitably treating consumers, IPN has learned from the Competition Council.

The Council informed that I.C.S. “Red Union Fenosa” SA, using its dominant position on the market, imposed unjustified requirements on some of the companies selling electric power meters. As a result, the end-users were unable to choose meters according to the ‘price – quality’ principle.

The Chisinau Appeals Court ruled that the Competition Council’s complaints were justified, rejecting thus the company’s appeal and upholding the decision of the Rascani Court of December 29, 2014 by which I.C.S. “Red Union Fenosa” SA is obliged to pay a fine of over 186,000 lei into the state budget.

The company hasn’t yet commented on the court’s decision.