Yukos Wins Rulings in Its Rosneft Battle

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BY GUY CHAZAN

Managers of bankrupt oil giant OAO Yukos won injunctions in U.S. and British courts seeking the seizure of property from Russian oil major OAO Rosneft—a sign that Yukos's legal battle against the Russian state is far from over.

The injunctions were part of efforts to enforce a ruling by a Dutch court last year that ordered Rosneft to repay a $389 million debt, plus interest and penalties, to Yukos Capital S.a.r.l. Rosneft took on the liability when it acquired Yukos's oil-producing assets in a government auction in 2004.

Rosneft said that the decisions have had no effect on its operations ...

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