RUSSIA - May 31 - Yukos Suffers Fresh Legal Setback.An arbitration arbitration Process of resolving a dispute or a grievance outside a court system by presenting it for decision to an impartial third party. Both sides in the dispute usually must agree in advance to the choice of arbitrator and certify that they will abide by the court decides the issue of new Yukos Yukos Oil Company (ОАО НК ЮКОС) was a petroleum company in Russia which, until recently, was controlled by Russian billionaire Mikhail Khodorkovsky and a number of prominent Russian businessmen. shares, with which it paid for Sibneft, is invalid Null; void; without force or effect; lacking in authority. For example, a will that has not been properly witnessed is invalid and unenforceable. INVALID. In a physical sense, it is that which is wanting force; in a figurative sense, it signifies that which has no effect. , paving the way for the divorce of the two companies. (The ruling means that 57% of Sibneft, which was purchased with new Yukos shares, should go back to Abramovich Abramovich is a variation of a patronymic surname meaning "son of Abram", the Biblical figure. People
A corporate strategy to sell off subsidiaries or divisions of a company. Notes: For example, in 2001 British Telecom did a de-merger of its mobile phone arm, BT Wireless, in an attempt to boost the performance of its stock. ". |
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