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Bankruptcy court to rule on Yukos

A bankruptcy court in Houston plans to hold a hearing tomorrow that will set the framework for a Chapter 11 bankruptcy filing by Yukos, the Russian oil giant.

Yukos filed last month at the United States District Court for the Southern District of Texas for Chapter 11 bankruptcy protection and a temporary restraining order in an unsuccessful attempt to prevent the forced auction of Yuganskneftegaz, its main subsidiary.

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