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The Yukos Oil Co. and its president, were the subject of takeovers by the Russian government that caused international news with political and legal implications. Inasmuch as Yukos allegedly could not achieve a just result for compensation within Russia, the attempt was made to use U.S. bankruptcy proceedings through a U.S. subsidiary to accomplish their aim. The article discusses the details behind the takeover, U.S. jurisdiction, and the U.N. Commission on International Trade Law’s proposed model code concerning which countries can assert jurisdiction in comparable cases.