US judge to hear Yukos bankruptcy dismissal case News
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:

THIS DAY @ LAW

Laws of Burgos put into effect

The Spanish Crown put the Laws of Burgos into effect on December 27, 1512. These laws governed the relationship of Spanish settlers with the indigenous peoples of the Caribbean. The laws established the encomienda system of labor, promoted conversion to Catholicism, and safeguarded the indigenous peoples from physical abuse.  However, historians argue that the laws were ineffective at protecting the rights of the indigenous population. Learn more from the Library of Congress.

Prohibitionist Carrie Nation carried out her first public bar smashing

On December 27, 1900, militant Prohibitionist Carrie Nation carried out her first public smashing of a bar, at the Carey Hotel in Wichita, Kansas. Nation argued that destroying bars was an acceptable means of battling the liquor trade since the Kansas Constitution prohibited alcohol. Learn more about Carrie Nation.

World Bank created

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