Wednesday, April 1, 2015

Rosneft and Yukos Settle Legal Dispute: So What Awaits Yukos=?UTF-8?B?4oCZIA==?=Armenian Subsidiaries?

16:30, April 1, 2015

Russian petroleum giant Rosneft has announced that it has resolved its quarrel with the Yukos family of companies.

On March 27, the Rosneft board of governors backed a deal with Yukos that would waive all mutual claims and cease all legal and other disputes by the parties involved.

The agreement, signed on March 31, also obligates the sides to indemnify each other for any claims in the future in connection with the bankruptcy and liquidation of Yukos.

This will result in a review of all ongoing trials in the Netherlands, England, the United States, Russia and other jurisdictions.

Armenian News

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