Home / Business / Lukoil Loses Trial against Competition Agency

Lukoil Loses Trial against Competition Agency

Tbilisi City Court has justified Competition Agency, for the second time, against an oil company.

Tbilisi City Court Board of Administrative Affairs has not satisfied an appeal by LLC Lukoil Georgia against LEPL Competition Agency.

The court has confirmed decree N81 issued by Competition Agency director on July 14, 2015 on imposition of 4 740 260 GEL fine on Lukoil Georgia because of violation of competition restriction agreement, decision and agreed actions, as determined by the Georgian Law on Competition.

This is the second decision concerning an oil company that Tbilisi City Court has passed on behalf of Competition Agency. The first dispute over appeal by LLC SOCAR Georgia Petroleum ended in the same result in April 2016.