Arbitration recognized the refusal to accept the Sibneft shares belonging to Yukos on the account of taxes

The Moscow Arbitration Court refused to recognize the refusal of the bailiffs to accept 20% of the Sibneft shares belonging to the company's tax debt belonging to the NCC. Thus, the court refused the NK Yukos to satisfy the application for recognition by illegal inaction of the bailiff, who did not apply to the 20 percent stake in Sibneft owned by Yukos.

During the court session, representatives of the bailiff service said that the claims of Yukos lawyers were unfounded. They noted that, according to the Law "On Enforcement Proceedings", the bailiffs have the right to independently determine the procedure for foreclosure on the property of the debtor. The court considered the arguments of the bailiffs more convincing, RIA Novosti reports. "

On June 30, 2004, the Bailiff Service, as part of the recovery from Yukos, 99.3 billion rubles of taxes was initiated by enforcement proceedings. Bailiffs arrived at the company and, in accordance with Russian law, gave Yukos for five days for voluntary execution of the decision.

Yukos’s lawyers, in turn, invited the bailiffs not to arrest the holding accounts and assets, but to pay a 20%stake in Sibneft with the company belonging to the company.

They indicated that the market value of these securities (more than $ 4 billion) exceeds the stated requirements. However, the bailiffs did not give an answer to this proposal and, after the deadline, arrested accounts and shares of Yukos's mining daughters. In this regard, the lawyers of the oil company went to court.