Oil giant Yukos files for bankruptcy in the US
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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.
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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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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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Over the years Russia&#39;s embattled oil company Yukos has morphed into a respected corporate citizen of the world and is seeking bankruptcy protection in the United States on the
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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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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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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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German investment bank Deutsche Bank challenged the right of Yukos to claim bankruptcy protection under US law. It will place adverts and in a court filing on Tuesday it said the oil giant has few Texas ties
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Russian oil firm Yukos sues four companies for their role in last year's forced state auction of its key oil production unit.
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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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Stricken Russian oil giant Yukos was hoping that a US court would grant it bankruptcy protection, scaring off Western banks planning to finance a Russian state-directed takeover of its main asset.
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The Yukos oil company has filed for bankruptcy in the US and appealed for a temporary restraining order against the auction of its main production unit, scheduled for Sunday.
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Russian officials Wednesday shrugged off the decision by embattled oil giant Yukos to file for bankruptcy protection in the US, saying the move was politically motivated.
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Deutsche Bank has filed a motion to dismiss a bankruptcy claim by Yukos in the US after a Houston court barred the German bank from lending money to Gazprom to bid for Yuganskneftegas, Yukos&#39;s main asset.
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Description: Russian oil company Yukos files for bankruptcy protection in a US court in an attempt to prevent the Russian government from auctioning off the company&#39;s main asset.
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DEUTSCHE Bank has dismissed as a &#39;stunt&#39; the attempt by Russian oil giant Yukos to claim US bankruptcy protection and says it should be thrown out of court in Houston.
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Shareholders in Yukos are considering liquidation or filing for bankruptcy, after deciding against a rescue plan for the embattled Russian oil firm.