Russian Oil Giant Accuses Finance Execs Of Rigging Sale

Law360, London (June 10, 2019, 8:32 PM BST) -- Five businessmen, including a senior UBS banker and a former Freshfields attorney, stood trial Monday over accusations they rigged the sale of assets of former Russian oil giant Yukos Oil Co. to Russian state-owned enterprise Rosneft.

Yukos Finance BV, the Dutch finance arm of the Russian oil company which fell into bankruptcy in 2006 after a long and bitter dispute with Russian tax authorities, is suing the five men in London's High Court for damages it claims to have racked up fighting a 12-year legal battle over its rightful ownership.

Dominic Kendrick QC, the attorney representing Yukos, alleged in his opening...

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