OJSC "Yukos Oil Company" was an oil and gas company based in Moscow, Russia. Yukos was acquired from the Russian government by Russian oligarch Mikhail Khodorkovsky's Bank Menatep during the controversial "loans for shares" auctions of the mid 1990s.
Between 1996 and 2003 Yukos became one of the biggest and most successful Russian companies, producing 20% of Russia's oil output, as much as Libya or Iraq, and Khodorkovsky became an advocate of democratization, international co-operation and Russian reform. In October 2003 Khodorkovsky—by then the richest man in Russia and 16th richest man in the world—was arrested, and the company was forcibly broken up for alleged unpaid taxes shortly after and declared bankrupt in August 2006.
Courts in several countries later ruled that the real intent was to destroy Yukos and obtain its assets for the government, and act politically against Khodorkovsky. In 2014 the largest arbitration award in history, $50 billion (€37,2 billion), was won by Yukos' former owners against Russia.
Former Yukos shareholders after winning the court of appeal in The Hague intend to seek the seizure of Russian property abroad, Forbes Leonid Nevzlin said. According to him, Russia's attempts to challenge the arrests will only lead to a drag on time.
The third YUKOS case is connected with the embezzlement of oil and the laundering of money obtained from its sale, said Alexander Kurennoy, a representative of the Prosecutor General’s Office.
Former Yukos lawyer Dmitry Gololobov paints from the inside a colorful but bleak picture of the British capital and tells how the life of wealthy Russians changed in the era of political hysteria.
The GK Region Foundation received 3.5 hectares in the center of Moscow, formerly owned by Yukos. On them, Ingrad developer Roman Avdeev will build a residential block.
To protect its interests, the Ukrainian oil and gas holding turned to a legal company that represented the interests of former Yukos shareholders in a dispute with Russia for $50 billion.
Gololobov himself spoke about the decision of the authorities; he earlier gave testimony in favor of Russia.
Khodorkovsky asked Irish court to unfreeze his €100 million.
The judges agreed that the claim of the former Yukos shareholders can not be considered in international arbitration, but it's too early to draw the line in the legal proceedings.
The arrest of the Russian assets has been stopped.
France arrested the space assets worth $700 million.
The former head of Yukos, Mikhail Khodorkovsky, is the defendant in the newly discovered case of the murder of the mayor of Nefteyugansk. In an interview with RBC, he spoke about the new claims of investigators and training of politicians independent from the Kremlin.
The former head of Yukos is accused in absentia for the murder of the mayor of Nefteyugansk.
Russia's fight with the former shareholders of Yukos is now concentrated in a single "command center"; it is a virtually unknown autonomous non-profit organization led by former diplomat, which was created in 2015.
Russia is going to pursue it at court.
The first peaceful settlement was reached in a years-long conflict.
The former owners of Yukos had no right to sue Russia in the Hague, the international arbitration awarded them "extra" $21.7 billion of compensation, and Vladimir Putin meant something different. RBC studied the appeal of Russia in the Yukos case.
Yukos founder did not come back into the business, but began to actively develop social and political projects. What are his results on the eve of the first anniversary of his pardon?
Despite the entry into force of the relevant decision of the European Court of Human Rights.
President of Rosneft Igor Sechin gave an interview to the German weekly magazine Der Spiegel. Calling it perhaps the second most influential, after Vladimir Putin, man in Russia, the newspaper notes, "Sechin's opponents consider him Darth Vader, his fans — the king of the energy sector."
The decision to pay €1,86 billion awarded by the ECHR to former Yukos shareholders may have much more serious implications than a verdict on $50 billion by the Hague Tribunal. Both for the Russian budget and its judicial system.
Arbitration in the Hague ruled to collect $50 billion from Russia in favor of the former shareholders of Yukos. The fiasco was planned. Russia didn't even lift a finger to win this battle.
The Hague court sentenced Russia to $ 50 billion payment.
The release of Mikhail Khodorkovsky will have almost no impact on the investment climate in Russia, according to investors, bankers and government officials.
The former head of Yukos is heading to Germany, where his mother is currently under medical treatment
The limitation period on the third case will expire in 2015, sources said. The law enforcers start from the so called "experts case" in their investigation.