Russia's Tax Suit Violated Yukos' Rights: European Court

Law360, New York (September 20, 2011, 9:00 PM EDT) -- The European Court of Human Rights ruled Tuesday that the Russian government violated OAO Neftyanaya Kompaniya Yukos’ fair trial and property protection rights when it prosecuted the now-defunct oil company for tax fraud, but found that the case wasn’t politically motivated.

The court ruled that Russian authorities didn’t give Yukos enough time to prepare for trial and appeal when they brought enforcement proceedings against the company for allegedly dodging billions of dollars in taxes.

As the Russian government was prosecuting Yukos in 2004, Yukos filed a...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.