Oil Report

YUKOS unit wins $389 mln Dutch ruling vs Rosneft -paper

MOSCOW, April 29 (Reuters) - A Dutch court has ordered Russian state oil company Rosneft to pay 13 billion roubles ($389.3 million) to a former affiliate of bankrupted Russian oil giant YUKOS, Kommersant daily reported on Wednesday.

The business daily called the ruling, which would allow the court to seize Rosneft assets abroad, the first success in a foreign court for former YUKOS managers seeking redress after the state bankrupted the oil company for tax debts and sold off its assets.

Kommersant said YUKOS Capital, an ex-YUKOS affiliate now owned by former managers, had originally won a ruling from the arbitration unit of Russia’s Chamber of Commerce ordering Rosneft, which bought production unit Yuganskneftegaz at auction, to pay back money lent to Yugansk by YUKOS Capital.

The ruling was overturned by Russia’s Supreme Arbitration Court, but on Tuesday, a Dutch court of appeals ruled that the original ruling could still be enforced in the Netherlands, Kommersant said.

Former YUKOS owner Mikhail Khodorkovsky, jailed for eight years for tax evasion and fraud, is facing new charges in Moscow in a trial that is seen as a test of President Dmitry Medvedev’s commitment to uphold the rule of law.

Khodorkovsky lawyers turned to a U.S. court in their bid to force Russian officials to testify at his trial, obtaining a notification from the District of Columbia federal court to Finance Minister Alexei Kudrin of a summons to Russian court.

Kudrin was served with the summons during a visit to Washington last week. (Writing by Melissa Akin, editing by Will Waterman)