BP Docs From Moscow Raid Nixed In $5B Investor Suit

Law360, New York (October 11, 2011, 6:02 PM EDT) -- A Russian arbitration court reportedly ruled Monday that documents Russian authorities seized from BP PLC’s Moscow offices during a raid over the summer can’t be used in a $4.8 billion shareholder suit against its joint venture TNK-BP.

On appeal from BP, the court reversed a lower court’s order that gave Russian bailiffs permission to sweep through the oil giant’s offices in connection with the suit, which targets BP’s loss of a major Arctic exploration deal with state-owned OAO Rosneft, Upstream Online reported.

The raid came Aug....
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