A Collaboration with University of Pittsburgh   

Yukos legally ceases to exist after Moscow court action

[JURIST] The bankruptcy administrator for the embattled Russian oil company Yukos [corporate website; JURIST news archive] announced Thursday that the company no longer legally exists. The Moscow Arbitration Court completed Yukos' liquidation this month and removed it as a legal entity Wednesday. Once Russia's largest oil company, Yukos was forced to declare bankruptcy [JURIST report] in August 2006 when it could not pay claimed back taxes. Yukos' remaining assets have been acquired by state-run Rosneft [corporate website], currently Russia's largest oil producer.

Former Yukos CEO Mikhail Khodorkovsky [defense website; JURIST news archive] was convicted of tax evasion [JURIST report] in 2005 and is currently imprisoned in Siberia; he has two appeals pending before the Strasbourg-based European Court of Human Rights. Russian prosecutors indicted Khordorkovsky on new money laundering charges [JURIST report] in early 2007. Khodorkovsky, an opponent of Russian President Vladimir Putin, has always insisted that the charges against him have been politically motivated, although Russian prosecutors say otherwise [JURIST report]. RIA Novosti has more.

Support JURIST

We rely on our readers to keep JURIST running

 Donate now!

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.