US judge won’t reinstate Yukos bankruptcy case News
US judge won’t reinstate Yukos bankruptcy case

[JURIST] US Bankruptcy Judge Letitia Clark ruled Thursday that she will not reinstate Russian oil company Yukos' [official website] bankruptcy filing, which she dismissed last week for lack of jurisdiction [JURIST report; opinion text] in the United States. Late last week, Yukos filed a motion asking Judge Clark to reconsider her analysis [Yukos press release; JURIST report] of Section 1112(b) of the US bankruptcy code, saying there was substantial evidence that the dismissal was not in the best interest of the estate. Judge Clark said that she sympathized with Yukos and its shareholders' concerns over lack of asset protection in Russia, but nonetheless dismissed the motion. AP has more. Yukos maintains a special website for its bankruptcy case.