YUKOS Trials Grind On, Unlikely to Bring Respite
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A Moscow court trying former YUKOS boss  Mikhail Khodorkovsky starts hearing evidence on Thursday in a  case widely seen as a campaign orchestrated by the Kremlin to  punish the oil magnate for his political ambitions.
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Embattled oil giant Yukos will not file for bankruptcy despite its dire financial situation and an increasingly desperate fight with tax authorities over a nearly &#36;7 billion back-tax bill, the company's chairman said in a newspaper interview.
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The 15th floor of a drab postwar building in the insalubrious surroundings of London&#39;s Paddington railway station is the unlikely setting for the final throes of the struggle over Yukos, the Russian oil giant.
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On the eve of a $280bn racketeering trial of cigarette majors, political and legal uncertainties are still seen hanging over the US governmentâs long-awaited case.
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Stricken Russian oil giant Yukos was hoping that a US court would grant it bankruptcy protection, scaring off Western banks planning to finance a Russian state-directed takeover of its main asset.
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Fears of a management bailout at the embattled oil giant Yukos loomed large Thursday after the company&#39;s chief financial officer said he had delayed his return to Moscow indefinitely after Russian prosecutors had summoned him for questioning.
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American courts came into direct conflict with Russia yesterday, after Russia insisted it would push on with plans to sell off the main chunk of stricken oil giant Yukos
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Shareholders in Yukos are considering liquidation or filing for bankruptcy, after deciding against a rescue plan for the embattled Russian oil firm.
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RBC, 04.11.2004, Moscow 13:20:52.The intention of Group Menatep to appeal to international courts against Russian state authorities concerning the YUKOS case is an aggressive attempt of its major shareholders to retain some of YUKOS&#39; assets, some analysts
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The giant Russian oil firm Yukos has failed to convince a Moscow arbitration court to suspend the sale by bailiffs of its Siberian subsidiary to satisfy a $3.4 billion tax debt.
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Fears of a management bailout at the embattled oil giant Yukos loomed large Thursday after the company's chief financial officer said he had delayed his return to Moscow indefinitely after Russian prosecutors had summoned him for questioning.
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A U.S. bankruptcy court is likely to revoke its temporary ban on the sale of Russian oil group YUKOS's main production unit, lawyers said on Friday.
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Oil major YUKOS will hold a shareholders meeting on Dec. 20 to consider whether to file for bankruptcy or liquidate the firm after it was hit with huge
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LONDON Yukos, battling to avert bankruptcy, said on Wednesday that the Russian government might be considering ways to settle a $7.
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Yukos suffered a double blow Tuesday when the Moscow Arbitration Court rejected attempts by the oil major to cover part of a $3.4 billion bill in back taxes and postpone collection of the claim.
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Russian oil giant Yukos yesterday increased the stakes in its battle with the Kremlin when it filed for bankruptcy in the United States in an unusual move possibly intended to pitch Washington against Moscow.
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Investors refrained from trades in Yukos as they awaited a critical court decision on whether Russia's embattled oil giant could use its contested stake in a rival company to pay off its crushing tax bill.