MOSCOW, September 12 (RAPSI) — The Moscow Commercial Court has introduced a six-month monitoring procedure against Google LLC (Google's Russian subsidiary), according to the court materials.
A petition for bankruptcy was forwarded to the court by the debtor itself.
On May 18, the company, represented by its CEO, announced its intention to file for bankruptcy stating that it could no longer pay its staff, suppliers, vendors and to meet other financial obligations.
Last December, a 7.2-billion-ruble (about $120 million at the current exchange rate) turnover fine was imposed on the branch by Russian authorities. Google LLC was also found guilty of non-compliance with the order of the restriction of access to certain content.
On September 9, the Moscow Tagansky District Court upheld an administrative fine of 21 billion rubles (about $347 million) imposed on Google for repeatedly refusing to remove information prohibited by Russian law, the court's press service told RAPSI.