Yukos Gets Nod To Sell Foreign Assets

Law360, New York (May 25, 2007, 12:00 AM EDT) -- A Dutch court has reportedly given the green light for Yukos to sell off its foreign assets, marking the latest divestiture by the bankrupt oil group in recent months.

The Amsterdam Court of Appeals on Thursday gave its approval for Eduard Rebgun, the official Yukos liquidator, to sell the bankrupt energy company’s foreign assets “within the framework of liquidation,” AFX News reported Friday, citing Nikolai Lashkevich, a spokesman for Yukos' court-appointed bankruptcy administrator.

The decision allows Rebgun to “demand and obtain the documents needed to carry...
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