Yukos Oil Company
ORG
Yukos Oil Company Yukos RM Yukos
A consortium of Western banks led by Société Générale of France filed suit in Moscow Friday seeking to have the Yukos Oil Company declared bankrupt just over a year after the Kremlin seized its largest production asset in a politically tinged tax dispute. Adding to the turmoil at Yukos, the company's managers in Moscow openly defied orders this week from senior managers in self-imposed exile in London, raising concerns over whether the unusual arrangement could continue. In suing, the banks, which include Deutsche Bank, ING, Citigroup and BNP Paribas, join a long list of Yukos creditors in Russia, led by the country's tax authorities, which are still laying claim to more than $6 billion.