MOSCOW, August 27 - RAPSI. A commercial court has adjourned until August 30 its consideration of ALROSA's lawsuit to invalidate the Federal Antimonopoly Service's (FAS) holding that it violated competition law, the court told the Russian Legal Information Agency (RAPSI/rapsinews.com) Monday.

On July 26, the court united two ALROSA lawsuits to invalidate the FAS decisions.

Previously, the FAS opened a case against ALROSA and the Republic of Sakha for violating competition law, ultimately finding both parties guilty.

According to ALROSA, the FAS made the decision due to a provision in a socioeconomic development contract signed with the Yakutia government in March 2011.

Earlier, ALROSA said the contract does not establish the volume of raw products supplied, the prices or the purchasing companies. The contract simply proves that ALROSA and Yakutia planned to cooperate in developing the local organic chemistry industry, the company said.

ALROSA is Russia's largest diamond producer. It produces 30 percent of the worlds total output and 94 percent of the output in Russia.

The Russian government holds a 50.9 percent of the stake in the company, while Yakutia holds 32 percent. Eight districts of the republic hold an eight percent stake and the remaining shareholders hold roughly nine percent.