Logo
  Friday, November 27, 2020
Sign-In  |  Sign-Up  |  Contact Us  |  Bookmark 

A Moscow court will rule April 18 on whether a bankruptcy case against embattled oil company Yukos was legal
A Moscow court will rule April 18 on whether a bankruptcy case against embattled oil company Yukos was legal, a court spokesman said Monday. The Moscow arbitration court of appeal No. 9 said an appeal had been filed by Yukos as to whether the case had been filed in accordance with regulations. A consortium of creditor banks is seeking Yukos' bankruptcy after the oil company defaulted on part of a $1-billion syndicated loan arranged three years ago by Societe Generale SA with Deutsche Bank AG, Citigroup Inc. and HSBC PLC. On March 28, state-owned oil company Rosneft also asked the court to recognize the bankruptcy, as Yukos had failed to maintain payments on its $482-million debt over the last 10 months. The Moscow Arbitration Court has appointed Edward Rebgun, a member of the external management body of the Russian Union of Industrialists and Entrepreneurs, as temporary external manager to oversee Yukos during its ongoing bankruptcy case.
Print A Moscow court will rule April 18 on whether a bankruptcy case against embattled oil company Yukos was legal Bookmark A Moscow court will rule April 18 on whether a bankruptcy case against embattled oil company Yukos was legal

Related News   
MarApril 2006May
MoTuWeThFrSaSu
272829303112
3456789
10111213141516
17181920212223
24252627282930
1234567