Siberian Court Orders Bp Lawsuit Trial

A Siberian court has ordered a new trial in a $12.15 billion lawsuit against BP brought last year by a minority shareholder in its conflict-plagued Russian venture, TNK-BP Ltd., a BP lawyer and the state news agency reported.

Topics:  siberian   russian   tnk-bp ltd   bp   lawsuit   trial   
  • Russian oligarch owns big stakes in Dresser-Rand, potential Swiss buyer
    Still, a 12-year-old, $1 billion lawsuit that ... out by a lower court because it fell beyond the statute of limitations. That suit, brought by Canada’s Norex Petroleum, alleged the defendants took control of its stake in a Siberian oil field “using ...
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  • Norex Wins Reinstatement of Blavatnik Oilfield Lawsuit
    June 26 (Bloomberg ... influence a lawsuit in that country that sought to reduce Norex’s 60 percent stake in Yugraneft, according to the complaint. A Russian court in 2002 cut Norex’s stake to 20 percent. Norex also accused TNK-BP, a joint venture ...
    06/26/2014 - 8:32 am | View Link
  • Siberian court orders BP to pay TNK-BP $3bn in damages
    The Siberian ... BP. The lawsuit comes as TNK-BP released results showing profit had fallen to $808m from $2.2bn in the second quarter. The result was down to changes in export taxes. On the legal decision a spokesman for BP said: “We consider the Court ...
    07/27/2012 - 3:20 am | View Link
  • Siberian Court Orders BP To Pay $3.1 Billion
    An arbitration court in Siberia has ... joint venture partner TNK-BP over the British company's attempt to form an alliance with rival Russian state-controlled oil company Rosneft. The verdict comes in response to a lawsuit launched last year by Andrei ...
    07/26/2012 - 1:00 pm | View Link
  • $12 Billion Suit Against BP Reopened by Russian Court
    BP ... lawsuit. The minority shareholders claimed that TNK-BP would have won the Rosneft deal and reaped vast profits in return. But economists said their claims would be impossible to prove in almost any Western court. A judge in the Siberian district ...
    06/5/2012 - 7:35 am | View Link
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  • U.S. District Court
    July 27, 2015. On this date, the Court issued an Order requiring BP to commence processing payment for those local governmental entities which have accepted the ...
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