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Court decision invalidating yukos capital

Ghazaryan testified that he sometimes had to stop those court proceedings to take instructions from Mkrtumyan.

Arsen Babayan, a spokesman for the Judicial Department of Armenia, said: “We regard commenting on the baseless statements regarding former Judge Surik Ghazaryan to be useless.” Babayan instead offered a list of disciplinary actions filed against Ghazaryan and the reasons he was fired.

Mikaelyan’s brother Artur Mikaelyan is the sole owner of MLL Industries, a construction company which built the new US Embassy in Yerevan and is planning a new cancer diagnosis center in the city.

Yukos CIS Investment quickly set up several other subsidiaries, including Yukos Hydrocarbons Investment Limited, which was registered in the British Virgin Islands.

When police started arresting Yukos Oil managers in Moscow in 2002, Yukos Hydrocarbons began restructuring: Yukos Oil may have hoped these maneuvers would keep its assets beyond Rosneft’s reach, even after Rosneft was awarded 100 percent of Yukos CIS Investment for only $1 million in a 2007 auction that was conducted in Moscow instead of Yerevan, where it was based.

Never put on trial and suffering from AIDS-related illnesses, he was released from prison in 2009 and died at age 39 in 2011.

Mikaelyan fled to the United States as a fugitive rather than face criminal charges in Armenia for his work on behalf of Yukos CIS Investment.

Rosneft is 70 percent controlled by Rosneftgaz, which is fully owned by the Russian government.

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Mikaelyan had the pedigree to be chosen the head of Yukos CIS Investment in 2002.

This relationship between former classmates has had major repercussions for both Mikaelyan, the Armenian justice system and even the relationships between neighboring states.

The result has been an ongoing court struggle across a number of countries as the Russian government fights to seize the last of the Yukos Oil money.

Law360, New York (November 8, 2016, PM EST) -- A Paris court shot down a bid by Russia to release certain assets frozen in the aftermath of the billion arbitral ruling in favor of majority shareholders of Yukos Oil Co., despite the award being overturned in April, an official for shareholder GML Ltd. The Paris Tribunal de Grande Instance would not release the 12 Russian assets, striking a blow to Russia’s argument that the enforcement proceedings should be affected by the decision to set aside the record-setting award handed down in July...

Law360, New York (April 20, 2016, AM EDT) -- The District Court of The Hague has overturned the record-breaking billion in awards issued to former shareholders of Yukos Oil Co.

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