We would like to ensure that you are still receiving content that you find useful – please confirm that you would like to continue to receive ILO newsletters.
22 April 2021
After the Office of Competition and Consumer Protection (UOKiK) fined Gazprom Zl213 million (€48 million) for withholding information in a probe concerning a joint venture to build and operate the Nord Stream 2 gas pipeline, the Russian gas company announced that it had appealed the fine.
According to Gazprom's statement on 31 July 2020, the company received the official notice from the UOKiK about the fine and appealed it on 24 August 2020.
Several companies tried to get approval from the UOKiK to set up a joint venture to build and operate Nord Stream 2, but the agency expressed concerns that the concentration could restrict competition.
As the companies withdrew their application, they were not allowed to implement the joint venture.
In May 2018 the UOKiK opened an investigation into Gazprom, Engie, Uniper, OMV, Shell and Wintershall as the agency suspected that the companies had set up the joint venture without consent.
For further information on this topic please contact Pawel Kulak at Schoenherr Attorneys at Law by telephone (+48 22 223 09 00) or email (firstname.lastname@example.org). The Schoenherr Attorneys at Law website can be accessed at www.schoenherr.eu.
The materials contained on this website are for general information purposes only and are subject to the disclaimer.
ILO is a premium online legal update service for major companies and law firms worldwide. In-house corporate counsel and other users of legal services, as well as law firm partners, qualify for a free subscription.