US judge to hear Yukos bankruptcy dismissal case

US judge to hear Yukos bankruptcy dismissal case

[JURIST] A US bankruptcy judge in Texas Thursday set February 16 as the start date for two days of oral arguments on the dismissal of a Chapter 11 bankruptcy filing made in December by Russian oil firm Yukos in a last-ditch bid to avoid Russian government auction of its assets to satisfy unpaid tax bills. Russian authorities subsequently refused to recognize the US court's jurisdiction and auctioned off Yukos' main production asset last month for $9.4 billion. Deutsche Bank, one of a consortium of banks that had intended to fund a bid to buy Yukos subsidiary Yugansk, has asked the court to dismiss Yukos' bankruptcy claim for lack of jurisdiction. Yukos has posted materials on its bankruptcy filing on a special website here. Reuters has more. Previously in JURIST's Paper Chase: