"The vast majority of the business and financial activities of Yukos continue to occur in Russia," she said in her ruling.
"Such activities require the continued participation of the Russian government."
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Yukos Stayed Alone
Letitia Clark said Yukos did not have enough of a US presence
Texas Judge Letitia Clark denied giving bankruptcy protection in the US. to Russian company Yukos.
The Russian oil giant filed for Chapter 11 protection in Houston in an unsuccessful attempt to halt the auction of its Yugansk division by the Russian authorities.
Letitia Clark said Yukos did not have enough of a US presence to establish US jurisdiction.
"The vast majority of the business and financial activities of Yukos continue to occur in Russia," she said in her ruling.
"Such activities require the continued participation of the Russian government."
"The vast majority of the business and financial activities of Yukos continue to occur in Russia," she said in her ruling.
"Such activities require the continued participation of the Russian government."
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