Case Details: |
Price: |
| Case Code |
: |
ECOA114 |
For delivery in electronic format: Rs.
300; For delivery through courier (within India): Rs.
300 + Rs. 25 for Shipping & Handling Charges
Themes- |
| Case Length |
: |
14 Pages |
| Period |
: |
2000 - 2003 |
| Organization |
: |
Yukos |
| Pub Date |
: |
2004 |
| Teaching Note |
: |
Not Available |
| Countries
|
: |
Russia |
| Industry |
: |
Oil and Energy |
Abstract:
|
Yukos is one of Russia's largest and fastest growing, publicly traded, and fully
integrated petroleum companies. Under the leadership of Mikhail Khodorkovsky, it
has become Russia's second largest oil corporation implementing global best
practices such as:
(1) good corporate governance and transparency;
(2) improving efficiency and performance; and
(3) creating value for its shareholders, customers and employees.
But in mid- 2004, the Arbitration Court of Moscow ordered Yukos to pay RUR 99.3
billion, or about $3.4 billion for the taxes and penalties that were unpaid in
2000. Most of Yukos' assets and major subsidiaries have been frozen.
|
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This has pushed Yukos into a liquidity crisis. Many analysts perceive the move as a politically motivated Kremlin attack against oligarchs. The case discusses in detail the crisis facing Yukos against the backdrop of Russia under the leadership of Putin.
Contents:
Keywords:
Tax payments, Politics, Accounting, Yukos, Khodorkovsky,
Platon Lebedev, Menatep Bank, Russian oligarchs, Roman Abramovich, Apatit,
Russian oil industry, Vladimir Putin, YukosSibneft, Kremlin, Capitalism
Yukos - The Fall of a Russian Oil Giant
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