JURIST Supported by the University of Pittsburgh
PAPER CHASE NEWSBURSTDigest RSS feedFull RSS feed
Serious law. Primary sources. Global perspective.


Wednesday, December 22, 2004

Yukos seeks US court action against subsidiary purchaser
Chris Buell at 10:40 AM ET

[JURIST] Troubled Russian oil firm Yukos will seek a ruling by a US court Wednesday against Baikal Finance Group, which purchased Yukos' primary subsidiary in a Sunday auction. Yukos said it would seek $20 billion in damages from those involved in the auction and to have Baikal's assets frozen, after the Russian government sold the Yuganskneftegas production unit against a US court order last week. Read the company's press release. Since the sale, many in the industry questioned the relative unknown Baikal's motives in purchasing the company, with some alleging that the company was a front for other oil producing companies. Some Russian newspapers have linked the company to Surgutneftegas, the fourth largest oil producer in Russia. State oil firm Gazprom announced Tuesday that it sold its holding company that took part in the Yukos auction to avoid penalties for ignoring the US court order. JURIST's Paper Chase has continuing coverage of the Yukos case. BBC News has more.






Link |  | print | subscribe | RSS feeds | latest newscast | Facebook page

For more legal news check the Paper Chase Archive...


LATEST LEGAL NEWS

 African leaders to request Kenyan leaders be tried domestically
3:03 PM ET, May 24

 Nokia files patent infringement suit against HTC
12:38 PM ET, May 24

 Tenth Circuit hears Hobby Lobby appeal of health care ruling
11:51 AM ET, May 24

 click for more...

Get JURIST legal news delivered daily to your e-mail!

LATEST FORUM

The War on Terror and the Need for Muslim Support
DOMESTIC
Faisal Kutty
Valparaiso University Law School

ABOUT

Paper Chase is JURIST's real-time legal news service, powered by a team of 30 law student reporters and editors led by law professor Bernard Hibbitts at the University of Pittsburgh School of Law. As an educational service, Paper Chase is dedicated to presenting important legal news and materials rapidly, objectively and intelligibly in an accessible, ad-free format.

CONTACT

Paper Chase welcomes comments, tips and URLs from readers. E-mail us at JURIST@jurist.org