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OJSC "Yukos Oil Company" (Russian: ОАО Нефтяна́я Компа́ния Ю́КОС, IPA:) was an oil and gas company based in Moscow, Russia. Yukos was acquired from the Russian government by Russian oligarch Mikhail Khodorkovsky's Bank Menatep during the controversial "loans for shares" auctions of the mid 1990s.
Russia are several international court and arbitral cases seeking compensation from the government of Russia to the former shareholders of Yukos based on the claim that Russian courts were not acting in good faith in launching tax evasion criminal proceedings against Yukos, which led to the bankruptcy of the company.
Feb 20, 2024 · Tuesday’s ruling by the Amsterdam Court of Appeal rejected a final ground of appeal filed by Russia alleging fraud by former shareholders. The court said in a written statement that Russia made the claim too late in the proceedings.
Mar 10, 2015 · On July 18, 2014, the tribunal ruled that “Yukos was the object of a series of politically-motivated attacks by the Russian authorities that eventually led to its destruction,” with the Russian Federation’s intent being “to bankrupt Yukos, assign its assets to a state-controlled company, and incarcerate [Khodorkovsky] who gave signs of ...
Oct 11, 2022 · Former shareholders of defunct oil giant Yukos on Tuesday asked a judge in London to allow the enforcement of a $50 billion arbitration award against Russia, arguing that recent sanctions against...
Feb 20, 2024 · Russia failed to overturn a ruling in the Netherlands that ordered Moscow to pay around $50 billion in the bankruptcy case of Yukos Oil Co., once the largest Russian oil and gas company.
Nov 1, 2023 · Russia cannot claim state immunity to avoid the enforcement of a $60 billion arbitration award over the expropriation of defunct oil group Yukos, London's High Court ruled on Wednesday.
