3/21/2024 0 Comments Steven schwartz baker bottsKhodorkovsky is not party to the legal fight, though his former partners are. There was no way to independently corroborate Ghazaryan's claims his lawyer did not respond to an e-mail and phone message seeking comment.Īs Rosneft took control of Yukos's assets, shareholders sought compensation for Yukos's dismantling. "Every Armenian judge in charge of proceedings having to do with 'Yukos' has received a clear and unambiguous signal: either you follow directions from above and hand down judgments in favor of 'Rosneft' and against 'Yukos,' or you face serious consequences," he said in his written testimony. Ghazaryan said he fled Armenia fearing reprisal for his refusal to comply with other related instructions from his superiors. Surik Ghazaryan alleged that his superiors had ordered him to issue a judgment favorable to Rosneft, and even provided a flash drive with what he claimed was a pre-written copy of the judgment. In 2011, Rosneft won possession of the subsidiary.Ībout a year later, one of the key Armenian judges involved in the rulings gave sworn written testimony in a related Yukos case in a U.S. "The Petitioners believe the evidence sought in this application will show efforts by the Russian Federation to manipulate Armenian courts, so as to influence proceedings before the Dutch courts," the motion states.Īccording to court filings, Rosneft filed suit in Armenia in the late 2000s seeking possession of one of Yukos's far-flung subsidiaries, Yukos CIS, which was located there. District Court in Washington that Rosneft tampered with Armenian court rulings that might have affected the Dutch decision. Last week, lawyers for GML alleged in a motion filed with the U.S. The former stakeholders - banded together in a holding company called GML - have asked a Dutch appeals court to overturn the lower court's ruling as they try to seize assets in multiple countries. Moscow, however, persuaded a Dutch district court nearly two years later to set aside that judgment. In July 2014, an arbitration court in The Hague ordered Russia to pay $50 billion to compensate Yukos shareholders, one of the largest such awards in history. After a decade in prison, Khodorkovsky fled Russia and he now funds opposition political groups from abroad.įormer Yukos CEO Mikhail Khodorkovsky was believed to have been the richest man in Russia at the time of his arrest in 2003. Yukos was built up by Mikhail Khodorkovsky, who was later prosecuted for financial crimes after purportedly crossing Putin in the early 2000s. Once Russia’s largest oil company, Yukos was systematically pared down in the early 2000s through a series of bankruptcy proceedings that legal experts have said were rife with inconsistencies.Īssets, including huge Siberian oil fields, were acquired mainly by Rosneft, the government-owned company run by Igor Sechin, a former intelligence officer and close ally of Putin. The law firm, Baker Botts, has denied wrongdoing, calling the allegations false. federal court, is the latest front in a convoluted battle that erupted early in Vladimir Putin's presidency and helped entrench the state's dominance in Russia's economy. law firm helped Russia's Rosneft manipulate an Armenian court ruling in a parallel case that they say bears on a $50 billion judgment handed down in 2014. The former owners have alleged that lawyers at a powerful U.S. WASHINGTON - Shareholders of defunct Russian oil giant Yukos, which was dismantled and absorbed by a state-owned rival in contentious legal actions, are taking a new tack in their multibillion-dollar fight with the Russian government.
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