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Moscow Court Slaps Yukos With More Debt

Law360 (June 15, 2006, 12:00 AM EDT) -- In another hit to the beleaguered oil company, a Moscow court added $13 billion in back-tax claims to the Russian government to the lengthy list of debts Yukos owes, making a possible liquidation more likely than ever.

The ruling makes Russia the largest creditor in the $30 billion bankruptcy.

“The outcome was not surprising,” said Claire Davidson, a spokesperson for Yukos. “And to be honest, nothing surprises the team at Yukos anymore. The lack of a fair, just and transparent judicial process over the last 21...
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