Judge Dismisses Yukos Bankruptcy

[WhiteTara]

http://news.yahoo.com/news?tmpl=story&u=/ap/20050225/ap_on_bi_ge/yukos_bankruptcy
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HOUSTON - Beleaguered Russian oil company Yukos lost its
desperate bid for shelter in U.S. courts Thursday when a judge
dismissed its bankruptcy case, saying the company didn't have
enough of a presence in the United States to establish U.S.
jurisdiction over a Russian company.

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The judge said "while it appears likely that agencies of
the Russian government have acted in a manner that would be
considered confiscatory under United States law," the
issue before her was one of whether a U.S. court was the
proper forum for the Chapter 11 case, not whether wrongs had
occurred.