US judge orders Yukos sale halt
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HOUSTON -- A US bankruptcy judge has issued a temporary restraining order to halt the planned auction of Russian oil company Yukos&#39; main oil-producing subsidiary, Yuganskneftegaz, Reuters reports.
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Russian natural gas monopoly Gazprom  GAZPq.L on Saturday filed an appeal in U.S. district court  seeking to overturn a bankruptcy judge's temporary restraining  order blocking the auction of Yukos' YUKO.RTS main oil  producing subsidiary, planned for Sunday.
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In an eleventh-hour move, the Yukos oil company has filed for bankruptcy in a United States Court and is demanding the cancellation of an auction of its main production unit slated for Sunday.
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Russian natural gas monopoly Gazprom on Saturday filed an appeal in US district court seeking to overturn a bankruptcy judge&#39;s temporary restraining order blocking the auction of Yukos&#39; (YUKO.
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Russia is set to go ahead with a sale of the main production asset of Yukos, the countryâs embattled oil company, despite an injunction issued late yesterday by a US court.
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A U.S. district court judge on Saturday  upheld a bankruptcy court order temporarily blocking Russian  gas monopoly Gazprom from bidding in the auction of Russian oil  giant YUKOS' main production subsidiary.
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MOSCOW A Moscow court has barred the embattled Russian oil company Yukos from holding an emergency meeting at which shareholders were to vote on liquidating the company, an executive at another oil giant said Thursday.
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A U.S. bankruptcy court on Thursday  stepped into the ongoing battle between YUKOS YUKO.RTS and the  Russian government, issuing an order to block the impending  auction of the company's main oil-producing arm.
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Russian oil firm Yukos' battle for survival is set to rumble on after a US judge sets the date for a bankruptcy hearing.
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Russian authorities have brushed aside a US court ruling seeking to halt the sale of the core asset of the embattled Yukos Oil company.
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MOSCOW  - Russia pushed ahead with the weekend auction of the core asset of oil giant Yukos despite a US court order barring the sale, a rare legal victory that is unlikely to prevent the state from gaining control.
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Russian oil major YUKOS said on  Wednesday it had filed for bankruptcy protection in a U.S.  court and would seek an order from the court to halt the Dec.  19 sale by the Russian state of its main oil unit.
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MOSCOW  - A Russian court was to consider the beleaguered Yukos oil company's appeal on Tuesday to suspend government efforts to collect &#36;3.4 billion US (&#36;4.5 billion Cdn) in back taxes -a massive bill that has put Russia's largest oil producer on the verge of ruin.
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The protracted legal battle over Russian oil giant Yukos appeared to enter its final phase Friday when the government set a date to auction off a majority stake in the company&#39;s
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Russia pressed ahead yesterday with controversial plans to break up the country&#39;s biggest oil company Yukos, setting a date of December 19 for an auction of its main production unit at a bargain basement starting price of $8.65bn (Â£4.88bn).
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OAO Yukos Oil Co., Russia&#39;s second- largest oil producer, said it sought Chapter 11 bankruptcy protection in the US and requested an emergency court hearing to stop the government&#39;s auction of its biggest unit.
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The Yukos oil company has filed for bankruptcy in the United States and appealed for a temporary restraining order against the auction of its main production unit that is scheduled for Sunday &#151; dramatically challenging the Russian government to enter arbitration proceedings.