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Russian court places restrictions on Yukos property
Moscow, 16 April: On 15 April the Moscow Arbitration Court banned Yukos from disposing of any assets, including shares, in order to expedite the suit by the Russian Federation Ministry of Taxes and Levies to recover taxes, liens and fines to a total value of R99,375,538,234, Interfax was told by the court press service. The court also granted the Tax Ministry's request to take measures to enforce its demands. The court banned Yukos's registrars from carrying out any operations making any changes to the register regarding stock transfers carried out by Yukos, the press service said. The measures to enforce the Tax Ministry's suit will remain valid until a final verdict is reached and assumes legal force. The adoption of these measures may be appealed against in accordance with the law. Preliminary hearings are scheduled for 7 May.
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