Yukos hit for Texas Ch. 11 filing
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Russian oil giant Yukos has no Texas ties beyond a few million dollars in bank accounts and a displaced chief financial officer and shouldn't be able to seek bankruptcy protection in Houston, Deutsche Bank said in a court filing yesterday.
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MOSCOW Yukos, Russia&#39;s largest oil producer, has said that the tax authorities have sent a bill for 2002 back taxes and penalties totaling nearly $1 billion to its largest unit, Yuganskneftegaz.
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The Moscow Arbitration Court ruled on Monday that the YUKOS oil company must pay RUR 39.113bn (about $1.34bn) as part of its back tax claim for 2001.
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Russia&#39;s Tax Ministry has raised its back-tax claims against oil major YUKOS by a fifth for the 2001 financial year to 119.9 billion roubles ($4.
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Shares of OAO Yukos Oil Co., Russia&#39;s biggest oil exporter, fell as much as 11 percent in Moscow after Interfax said the authorities may sell the company&#39;s key production unit for as
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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 : Russian authorities hit the bruised Yukos oil giant with a battery of fresh tax claims which could see the firm&#39;s total debt soar to an astronomical 17 billion dollars.
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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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YUKOS oil company announced December 15 it has filed for bankruptcy protection today. Please see the company&#39;s statement below.
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Houston attorney Hugh Ray representing Deutsche Bank, has challenged YUKOSâs filing for bankruptcy protection in a Houston court on Wednesday, Echo of Moscow radio reported.
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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.
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Russian oil giant Yukos Wednesday filed for US bankruptcy protection in attempt to stop the forthcoming auction of its major asset Yuganskeneftegaz, accordingto the Interfax news agency.
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The lawyers of Deutsche Bank asked the court in the Houston, Texas, to decline the filing for bankruptcy protection of the Russian oil giant Yukos.
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Description: Russian oil company Yukos files suit against the Russian government in US Bankruptcy Court in Houston, Texas, attempting to head off an auction of its main production unit.
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Beleaguered Russian oil giant Yukos on Monday faces a court-imposed deadline to pay a multi-billion dollar tax bill. Yukos has been ordered to pay $3.
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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 auction by the Russian state of its main production unit.
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RBC, 11.10.2004, Moscow 18:23:18.The Moscow Arbitration Court has recovered RUR39.113bn (about USD1.35bn) in overdue taxes for 2001 from YUKOS.