UPDATE 2-YUKOS awaits US ruling on break-up order
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Embattled Russian oil major YUKOS (YUKO.RTS: Quote, Profile, Research) should hear later on Thursday whether a US bankruptcy court will back its last-ditch attempt
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Washington - US bankruptcy law, invoked by Russian oil group Yukos on Wednesday, allows a company in financial difficulties to continue functioning while it seeks an agreement with creditors.
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SAN FRANCISCO (CBS.MW) -- Russian oil giant Yukos, fighting to keep Moscow from auctioning off its biggest asset, has been granted a hearing Thursday before a federal bankruptcy court judge in Houston.
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MOSCOW The Russian oil producer Yukos sought bankruptcy protection in the United States on Wednesday and requested an emergency court hearing to stop the Russian government&#39;s auction of its largest production unit.
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Moscow. (Interfax) - A decision from a syndicate of Western banks to provide a credit to Russian gas giant Gazprom will depend on whether a Houston court upholds a request by Yukos for a preliminary injunction to halt the planned sale of Yuganskneftegaz.
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Lawyers for the embattled Yukos oil giant requested a new judge Monday as Russia&#39;s Tax Ministry sought to enforce $1.4 billion US ($1.
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Russia said on Friday it would go ahead  and sell Yuganskneftegaz, the main oil production unit of  YUKOS, despite a U.S. bankruptcy court order seeking to block  Sunday's auction for 10 days.
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Oil major YUKOS will hold a shareholders meeting on Dec. 20 to decide whether to file for bankruptcy or liquidate the firm after it was hit with huge new
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A majority stake in the embattled Russian oil company Yukos' main production unit will be sold at an auction scheduled for Dec. 19, an announcement in the official government newspaper said Friday, confirming the country's largest oil producer will be broken up as part of a politically charged battle for control over the strategic resource.
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Russia will forge ahead with an auction on Sunday to sell the key asset of stricken oil company YUKOS despite an order from a US bankruptcy court blocking the sale for 10 days, an official said on Friday.
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Yukos will on Thursday seek an injunction from a US court in a last-gasp bid to block the forced auction of its main operating unit by the Russian government on Sunday.
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Russian oil major YUKOS has filed for bankruptcy protection in a US court and will seek an injunction to stop Russia from auctioning off its main production unit on Dec. 19, it said on Wednesday.
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The embattled Yukos oil company has filed for bankruptcy in the United States and appealed for a temporary restraining order and injunction against the auction of its main production unit that is scheduled for Sunday.
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Russian oil and gas company Yukos is due in a US court on Thursday as it continues to fight for its survival.
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Gazpromâs oil arm Gazpromneft is set to take part in the auction for Yuganskneftegaz, Yukosâ main production unit, despite a ruling by a US bankruptcy court to halt the sale for 10 days.
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Russia said on Friday it would go ahead and sell Yuganskneftegaz, the main oil production unit of YUKOS, despite a US bankruptcy court order seeking to block Sunday&#39;s auction for 10 days.
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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).