Victory for the Losers

The court refused to seize the assets, ruling that the ongoing sale of Yukos' foreign assets does not violate the interests of the company's creditors. It was also decided to allow the movement of shares of its subsidiaries outside the Netherlands (a temporary restriction on their circulation was imposed at the request of Yuganskneftegaz, a subsidiary of Rosneft). Such a verdict could help implement YUKOS's long-standing plan - the sale of its 53.7% stake in the Lithuanian company Mazeikiu Nafta.