03 June 2004 23:22
Watchdog sees no grounds to intervene in Yukos conflict
MOSCOW. June 3 (Interfax) - Russia's Federal Service for Financial Markets does not yet see any grounds to
intervene in the conflict over an additional issue of Yukos of shares, the illegality of which was upheld by the Moscow
Arbitration Court on May 31, Oleg Vyugin, chairman of the federal service, told journalists on Thursday.
He said that this issue is in the hands of the courts, which are "above our judgement."
Vyugin said that the Federal Service for Financial Markets, when it registered this issue, was governed by its
regulatory acts. "But if the court saw some circumstances that allowed it to rule [the issue] illegal, that's
the court's affair," he said.
The Moscow Arbitration Court upheld a court ruling from March 1 that, based on a suit filed by two offshore companies
- Nimegan Trading Limited and Gemini Holdings Limited - invalidated a Yukos share issue. This additional issue was used
in the merger deal between Yukos and Sibneft. [RU EUROPE ASIA EEU EMRG CRU OIL STX] rd
[Interfax] |
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