A U.S. bankruptcy judge on Thursday dealt a blow to Yukos’ bankruptcy case, ruling the embattled Russian oil company cannot seek information about whether oil monopoly Gazprom illegally took part in the sale of Yukos’ main oil producing unit
Published:
23 January 2005 y., Sunday
A U.S. bankruptcy judge on Thursday dealt a blow to Yukos’ bankruptcy case, ruling the embattled Russian oil company cannot seek information about whether oil monopoly Gazprom illegally took part in the sale of Yukos’ main oil producing unit.
In her ruling, U.S. Bankruptcy Judge Letitia Clark backed Gazprom’s former unit Gazpromneft and said Yukos fact-finding must be limited to issues related to whether the U.S. court has jurisdiction in the case, Reuters news agency reported.
Yukos made its surprise bankruptcy filing in Houston last month in a bid to halt the sale of its Yugansk unit, which Russian authorities auctioned off in their efforts to recoup part of $27.5 billion in back taxes the government says Yukos owes.
The court will hear arguments in a two-day hearing beginning Feb. 16 on whether to continue the bankruptcy proceedings or throw the case out of the U.S. court. Yukos lawyer Zack Clement had argued that Gazpromneft violated the court’s rulings by taking part in the December auction of Yugansk.
Šaltinis:
MosNews
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
New rules for the EU's single market will make it easier to live and do business anywhere in Europe.
more »
MEPs were disappointed that the Commission's EU budget review document had not sought the radical revision that the EU needs, they told Budgets Commissioner Janusz Lewandowski in a Policy Challenges Committee debate on Thursday.
more »
On 25 October, the Commission adopted the decision to financially support the 2011 electoral process in the Central African Republic.
more »
New EU framework for crisis management in the financial sector for managing problems before they spiral out of control.
more »
The financial crisis laid bare the limits of self-regulation, demonstrating the need for strong EU economic governance, surveillance and policy co-ordination, say two non-legislative resolutions voted by Parliament on Wednesday.
more »
The European Commission has approved an application from Germany for assistance from the European Globalisation adjustment Fund (EGF).
more »
Global and EU- level taxes on financial sector would help to fund international challenges such as development or climate change and fix the fallout from the global economic crisis.
more »
The European Investment Bank and African Development Bank today agreed to provide EUR 45m to design, build and operate onshore wind farms on four islands in the Cape Verde archipelago.
more »
MEPs want future EU budgets to accommodate new policy priorities as well as negotiations on new sources of financing.
more »
The European Parliament's Budgets Committee on Monday backed EU funding for 3,731 workers in Portugal, the Netherlands, Spain and Denmark who were made redundant due to the closure of their companies.
more »