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Dutch Court Awards Yukos $1.2B In Refinery Proceeds

Law360 (January 7, 2011, 3:24 PM EST) -- The Dutch Supreme Court ruled Friday in favor of Yukos International UK BV, allowing it to keep $1.2 billion from the sale of an oil refinery during the bankruptcy of its Russian former parent company Yukos Oil Co.

The Russian government dismantled Yukos Oil in 2007 after hitting the oil giant with a multibillion claim for back taxes, and surviving foreign units of Yukos and others have since battled it out in their attempts to get back the money.

In this case, Yukos International was owned...
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