international magazine
09 / 2006

Oil, gas and crime
The judge acquitted the oil company of its debts

Up till recently, the judge of the Moscow arbitration court Olga Daugul has been specialising in tax cases and was treated by colleagues as an experienced professional. Yet, Russia's MPs were deeply wounded by her dashy yet elegant solution of the case on state tax claims against TNK-BP's «grey» subsidiary Alfa group. Fairly so — the judge cut the state tax claim to TNK-BP from $150mn down to $150,000.