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.

 

About Paper Chase

Paper Chase is JURIST's real-time legal news service, powered by a team of 30 law student reporters and editors led by law professor Bernard Hibbitts at the University of Pittsburgh School of Law. As an educational service, Paper Chase is dedicated to presenting important legal news and materials rapidly, objectively and intelligibly in an accessible format.

© Copyright JURIST Legal News and Research Services, Inc., 2013.