Introduction

This comment will cover certain recent events in the saga: Yukos's filing for bankruptcy protection in federal court for the Southern District of Texas and its receipt of a temporary restraining order against Gazpromneft prohibiting it from participating in the auction of Yuganskneftegaz ("Yugansk") and against various banking institutions prohibiting them from financing the bidders in the auction. The auction by the Russian bailiff of a controlling stake of Yugansk belonging to Yukos. More vocal and concrete threats by Menatep that it ...