MOSCOW, March 5 - RAPSI. The Moscow Commercial Court postponed on Monday until April 11 its hearing of a lawsuit on invalidating four loan contracts worth $377.03 million between Luxemburg's Yukos Capital S.a.r.l and Yuganskneftegaz.
The lawsuit was filed by the Vesta investment company, a Rosneft shareholder. According to Vesta, the loans in dispute were issued to Yuganskneftegaz in breach of law.
The contracts were signed in July-August 2004 and set to mature in 2007.
The lawsuit was submitted against Yukos Capital S.a.r.l. and Rosneft, which later took over a former YUKOS subsidiary Yuganskneftegaz.
The lawsuit was submitted in 2007, but its consideration was suspended until the end of the criminal case against former YUKOS head Mikhail Khodorkovsky and his business partner Platon Lebedev.
In late 2010, a Moscow district court sentenced both men to 14 years in prison for oil theft and money laundering. They were expected to be released in 2017, taking into account the time they had already served for their convictions from their first trial in 2005. However, on May 24, the Moscow City Court reduced their sentences by one year. Now they may be released in 2016.