 |
|

Legal news from Wednesday, December 29, 2004 |
 |
|


Police dispatched to stop post-tsunami looting in Thailand; Malaysia postpones mass deportation of illegals
Bernard Hibbitts on December 29, 2004 10:42 AM ET

[JURIST] Authorities in Thailand have dispatched hundreds of additional police to coastal provinces hardest hit by Sunday's tsunami in an effort to stem an apparent tide of looting. Thai Prime Minister Thaksin Shinawatra has issued stern warnings to would-be looters, and several arrests have already been made. Well-off Western tourists killed and otherwise affected by the disaster - now said to have killed over 75,000 people, including some 2000 in Thailand - left behind many personal belongings, and hotels and resorts where they stayed are largely unoccupied at this point. AFP has more. In other law-related news from the Asian tidal wave disaster, Malaysian authorities announced Wednesday that they have agreed to a request by the Indonesian government to extend by one month an amnesty period for foreign workers illegally working in Malaysia, postponing a mass deportation that was originally scheduled after January 1. The Indonesian authorities had feared that deportations would only deepen the humanitarian crisis brought on by the deaths of over 45,000 Indonesians in the tidal wave that originated off the west coast of the Indonesian island of Sumatra. There are about a million illegals working in Malaysia at the present time, most of them Indonesian. Some 220,000 have left since the amnesty period began at the end of October. AFP has more.
Many national and international relief agencies are collecting donations for relief of the tsunami victims. USAID, the US government's foreign aid arm, has posted this list. ReliefWeb, a project of the United Nations Office for the Coordination of Humanitarian Affairs, is tracking tsunami-related news here. Wikipedia provides a continually-updated synopsis of events.
1:50 PM ET - The governments of countries affected by the tsunami are providing official information - casualty figures, contact numbers, aid needs etc. - on the following websites:


Link |
|
subscribe |
|
latest newscast |
archive |
Facebook page

|

Deutsche Bank wants Yukos US bankruptcy claim dismissed
Gretchen E. Moore on December 29, 2004 9:39 AM ET

[JURIST] Deutsche Bank asked a US bankruptcy court in Houston Tuesday to dismiss the filing of Russian oil giant Yukos for lack of jurisdiction, contending the company has no American presence beyond two small bank accounts and the residence of its financial chief. Yukos claimed the bankruptcy was properly filed in Texas because CFO Bruce Misamore was conducting company business from his home in Houston, having returned there earlier in December after learning that he may be targeted by Russian authorities if he returned to Moscow. Also, Yukos put $7 million in two Houston bank accounts to cover legal fees and Misamore's costs. Jurisdiction was found to be proper twice in this case when an injunction was granted and later upheld on appeal. Deutsche Bank was one of a consortium of banks, including ABN Amro and Dresdner Kleinwort Wasserstein, that had intended to fund a $10 billion to $13 billion bid by state-owned natural gas company Gazprom to buy Yuganskneftegaz, which produces 60 percent of Yukos' oil and 11 percent of Russia's oil. Deutsche Bank would have earned a significant fee from that transaction, but Gazprom withdrew from the bidding after the bankruptcy court order and the Yukos asset was bought was the mysterious Baikal Finance Group, which was later bought by Rosneft, a Russian state-owned gas firm slated for acquisition by Gazprom under a government plan. The next hearing in the bankruptcy is slated for Jan. 6. BBC News has more.


Link |
|
subscribe |
|
latest newscast |
archive |
Facebook page

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