Czech Energy Cos. Blocked Antitrust Raid, EU Says

Law360, New York (December 20, 2010, 1:52 PM EST) -- The European Commission has lodged formal objections against two Czech energy companies, alleging they blocked a raid at their facilities in November 2009 that was part of a larger antitrust probe of the Czech electricity sector.

The commission announced Monday that it had sent a statement of objections to J&T Investment Advisors and Energeticky A Prumyslovy Holding, both of which invest and trade in the Czech Republic's energy market.

The objections reflect the commission's preliminary view that the two companies obstructed an inspection from Nov. 24,...
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