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Yukos appeal rejected by Moscow court

[JURIST] The Arbitration Appeals Court of Moscow rejected an appeal Thursday made by Russian oil company Yukos [corporate website, JURIST news archive] asking the court to freeze 76.79% of the shares of its former production unit Yuganskneftegaz [corporate website]. The appeal was submitted to dispute the sale of Yuganskneftegaz, which was auctioned off by the Russian government [JURIST report] last year to satisfy back taxes owed by Yukos. Yukos lawyers argued that the auction had been held "with numerous violations of Russian legislation and international law, including the Convention for the Protection of Human Rights and Fundamental Freedoms [text]." RIA Novosti has more.

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