Deutsche Bank angry at Yukos

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Deutsche Bank has made a legal complaint over Yukos’s filing for bankruptcy protection in Texas, complaining that Texas was “a jurisdiction in which Yukos owns no real or personal property and conducts no business operations.”

At the heart of Deutsche Bank’s complaints is the fact that it lost out on fat fees, after being geared up to finance the Gazprom buy-out of Yuganskneftegas – which was scuppered by US chapter 11 bankruptcy rules , forcing the Kremlin and Gazprom to act via a set of intermediaries, as reported in Putin backs Russia’s Yukos grab.

Story link: Deutsche Bank angry at Yukos

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