The auction, due to be held on Sunday, was the attempt of Russian authorities to extort $27.5billion from Yukos, as a tax bill.
The temporary injunction will last for 10 business days, during which Yukos lawyers can seek a permanent injunction.
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US Court Was Not Heard By Russian Government
US bankruptcy judge on Thursday issued a temporary injunction prohibiting the forced auction
A US bankruptcy judge on Thursday issued a temporary injunction prohibiting the forced auction sale of Yukos' main production subsidiary Yuganskneftegaz.
The auction, due to be held on Sunday, was the attempt of Russian authorities to extort $27.5billion from Yukos, as a tax bill.
A Moscow Court of Arbitration official called US Court?s issue a "nonsense of no legal consequence?, and Russian analysts suppose that the auction nevertheless will probably go ahead.
However, banks involved the auction may now reject to finance it.
The temporary injunction will last for 10 business days, during which Yukos lawyers can seek a permanent injunction.
The auction, due to be held on Sunday, was the attempt of Russian authorities to extort $27.5billion from Yukos, as a tax bill.
The temporary injunction will last for 10 business days, during which Yukos lawyers can seek a permanent injunction.
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