Dutch appeals court rules Russia knowingly bankrupted Yukos

09 May 17

AP The Associated Press - The Hague, Netherlands

THE HAGUE, Netherlands (AP) — A Dutch appeals court ruled Tuesday that Russian authorities knowingly plunged oil giant Yukos into bankruptcy in 2006 by ordering it to pay huge tax bills, the latest ruling in a long-running battle over the assets of a Dutch Yukos subsidiary.

Amsterdam Appeals Court said the Yukos bankruptcy could not be recognized under Dutch law and that a curator appointed to sell off parts of Yukos in 2007 did not have the right to sell the shares in Dutch-based Yukos Finance BV.

Click here to read the full article.