Russian oil company yukos
UK hypocrisy over ‘Russian oligarchs’ A preliminary probe into the main Yukos case was opened in Russia in 2003. The oil company was accused of tax crimes and declared bankrupt by a Russian court in 2006 with its assets sold at auction as part of the liquidation process. THE HAGUE, Netherlands (AP) — In a major legal defeat for the Russian government, a Dutch appeals court on Tuesday reinstated an international arbitration panel’s order that it should pay $50 billion compensation to shareholders in former oil company Yukos. The ruling overturned a 2016 decision MOSCOW — A Dutch court ordered Russia to pay $50 billion to the former owners of Russian oil giant Yukos on Tuesday in the latest chapter of a 15-year legal saga involving the Kremlin and Yukos, once Russia’s biggest post-Soviet oil company, was broken up after its former owner, Kremlin critic Mikhail Khodorkovsky, was arrested in 2003. FILE - In this Tuesday, July 24, 2018 file photo, Russian opposition figure Mikhail Khodorkovsky, the former owner of the Yukos Oil Company, poses for a photograph after being interviewed by The A Dutch court has upheld an appeal by shareholders demanding billions of dollars in compensation from the Russian state for breaking up the once-mighty Yukos oil company. The Appeals Court in The The court ordered the government of Russia to pay $50 billion in damages to former shareholders of the Yukos oil company, which the Russian state had forced into bankruptcy, chopped into pieces
In 1995 and 1996 a handful of oligarchs took control of Yukos, a vast Russian energy company with huge oil and gas reserves. They achieved control by paying $600m to the government officials who were at that point running Yukos and managing the privatisation process, and by rigging the privatisation auctions. The Yukos oligarchs then […]
Russia again owes more than $50 billion to former shareholders of the Yukos oil company after a court of appeal in the Netherlands upheld three international arbitration decisions on the lawsuits of Yukos shareholders that were brought down in 2014 in The Hague. This is the largest compensation in Yukos shareholders v. 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.. The Yukos Oil Company's former shareholders and The court ordered the government of Russia to pay $50 billion in damages to former shareholders of the Yukos oil company, which the Russian state had forced into bankruptcy, chopped into pieces Why were the Yukos Foundations created? As the aggressive measures against Yukos Oil Company gathered speed, it became clear that the Russian Federation was determined to destroy the company and seize its assets. The Russian courts were proving incapable of passing judgments on the case as an independent body without political interference. In 1995 and 1996 a handful of oligarchs took control of Yukos, a vast Russian energy company with huge oil and gas reserves. They achieved control by paying $600m to the government officials who were at that point running Yukos and managing the privatisation process, and by rigging the privatisation auctions. The Yukos oligarchs then […] UK hypocrisy over ‘Russian oligarchs’ A preliminary probe into the main Yukos case was opened in Russia in 2003. The oil company was accused of tax crimes and declared bankrupt by a Russian court in 2006 with its assets sold at auction as part of the liquidation process. THE HAGUE, Netherlands (AP) — In a major legal defeat for the Russian government, a Dutch appeals court on Tuesday reinstated an international arbitration panel’s order that it should pay $50 billion compensation to shareholders in former oil company Yukos. The ruling overturned a 2016 decision
5 Dec 2018 The Amsterdam District Court has again decided on the estate of Yukos Oil Company (YOC): two 'sub-subsidiary companies' of the bankrupt
company that controlled only 4% of Russia's oil output in the late 1990s— and one that The aim of the three banker-controlled oil companies—Yukos,. Sibneft 26 May 2016 At one point the largest oil company in Russia, Yukos was liquidated in 2006 by the Russian authorities in the process of enforcing tax Yukos was formerly the largest oil company in Russia; its financial collapse came after allegations of tax evasion and the seizure of its assets by the Russian tax 28 Jul 2014 Former Russian oil company Yukos owner Mikhail Khodorkovsky during a meeting with students in Kiev,. LONDON (AP) — An international 18 Jul 2014 OAO Yukos Oil Company, a joint stock company incorporated in. Russia in 1993. Yukos CIS. Yukos CIS Investment Limited. Yukos Finance. 4 May 2009 Gazprom Leads Russian Oil and Gas Investments Abroad (Russian including former gas sets of YUKOS -- Arcticgaz and Urengoil -- with
19 Nov 2004 MOSCOW — Russian tax authorities today scheduled the equivalent of a fire sale at what was once the nation's largest oil company, offering
Russia may have to pay a record $50 billion arbitration ruling after a Dutch court ruled in favor of the former owners of Yukos Oil Co. Russia again owes more than $50 billion to former shareholders of the Yukos oil company after a court of appeal in the Netherlands upheld three international arbitration decisions on the lawsuits of Yukos shareholders that were brought down in 2014 in The Hague. This is the largest compensation in
1 Jul 2004 Four major private oil companies, namely. Lukoil, Yukos, TNK (now TNK-BP) and Surgutneftegaz, provide 66% of production and. 57% of exports.
20 Apr 2016 The court ordered the government of Russia to pay $50 billion in damages to former shareholders of the Yukos oil company, which the Russian 18 Feb 2020 reinstated an international arbitration panel's order that it should pay $50 billion compensation to shareholders in former oil company Yukos. Sibneft, like Yukos, one of the big success stories of the Russian oil industry in the early part of the decade, was taken over by Gazprom in 2005 and now forms the OAO Yukos Oil Company (Yukos) was Russia's second largest company with a Yukos was the only Russian company amongst the world's top ten oil and gas 18 Feb 2020 reinstated an international arbitration panel's order that it should pay $50 billion compensation to shareholders in former oil company Yukos. accordance with the laws of the Russian Federation (the "Company"), as part of its This submission is being made by YUKOS Oil Company ("Company"), 5 Dec 2018 The Amsterdam District Court has again decided on the estate of Yukos Oil Company (YOC): two 'sub-subsidiary companies' of the bankrupt
17 Apr 2005 But at a minimum, the lesson of Yukos is that western oil and mining companies can no longer take controlling stakes in Russian resource 15 Jul 2019 New Stream formerly owned the debt-ridden Antipinsky refinery. Last month, SOCAR Energoresurs, a joint venture between Russia's largest 2 Mar 2012 Almost a decade ago, Mikhail Khodorkovsky, then the owner of the Yukos Oil Company and Russia's richest man, completely miscalculated the 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. Between 1996 and 2003