Czech Energy Traders Fined €2.5M For Impeding Antitrust Raid

Law360, New York (March 28, 2012, 7:38 PM EDT) -- EP Investment Advisors and Energeticky a Prumyslovy Holding were fined €2.5 million ($3.3 million) on Wednesday by the European Commission's antitrust regulator for obstructing a 2009 raid on their Czech-based premises over competition concerns.

The European Commission said the companies, both of which invest and trade in the Czech Republic's energy market, didn't disclose all documents related to its investigation by failing to block an email account and diverting incoming emails, in breach of their obligations to cooperate with the probe.

"Company information is nowadays essentially...
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