Court rules in PricewaterhouseCoopers' favour in Yukos case

PwC Russia - Press Statement
24 October 2008
The The Moscow Region Federal Arbitrazh Court has today fully overturned the rulings of the First Instance and Appellation Courts in the case relating to the audit of Yukos by PricewaterhouseCoopers. The case has now been terminated by the court. This decision satifies PwC's cassation appeal and concludes these legal proceedings.

"We are very pleased with the court's decision. The court has made the correct ruling in this case, particularly given that one of the defendants,Yukos, no longer exists. This is good news for PwC, as well as for the Russian and international business communities. As always we continue to focus our energy on growing and developing our business in Russia". has today fully overturned the rulings of the First Instance and Appellation Courts in the case relating to the audit of Yukos by PricewaterhouseCoopers. The case has now been terminated by the court. This decision satifies PwC's cassation appeal and concludes these legal proceedings.

"We are very pleased with the court's decision. The court has made the correct ruling in this case, particularly given that one of the defendants,Yukos, no longer exists. This is good news for PwC, as well as for the Russian and international business communities. As always we continue to focus our energy on growing and developing our business in Russia".