Yukos awaits US ruling on break-up order
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MOSCOW: Embattled Russian oil major Yukos should hear later today whether a United States bankruptcy court will back its last-ditch attempt to halt the sale due on Sunday of its main production unit.
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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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Description: Russian officials make it clear they plan to proceed with an auction of oil company Yukos&#39; main production unit, despite a restraining order from a US court.
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Oil giant Yukos files for bankruptcy protection in the US to try to stop the Kremlin auctioning its main assets.
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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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Deutsche Bank wants a US Bankruptcy Court in Houston to dismiss the filing of Russian oil giant Yukos for lack of jurisdiction, contending the company has no American presence beyond
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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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YUKOS shareholders gave warning yesterday that the oil giantâs attempt to seek bankruptcy protection in the US was unlikely to prevent the Russian Government-ordered
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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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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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The legal battle over the future of Yukos, the troubled Russian oil giant, intensified yesterday as first Deutsche Bank filed to dismiss Yukos&#39; claim of bankruptcy protection in the US and then
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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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A US judge ordered lenders to stop an auction of OAO Yukos Oil Co.&#39;s biggest unit to help cover a $22 billion tax bill. US Bankruptcy Judge Letitia Clark issued a temporary restraining
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Russian oil major YUKOS said on Wednesday it had filed for bankruptcy protection in a US 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  - 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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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 which seeks to  halt Sunday's auction for at least 10 days.
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Russian oil giant Yukos has filed for bankruptcy protection in the United States, hoping to keep Russian authorities from auctioning off its main production subsidiary.