US bankruptcy law has worldwide jurisdiction

I didn't know that; did you? Actually the full quote, taken from this amazing story (BBC NEWS | Business | Q&A: The battle for Yukos) is this: "US bankruptcy law has worldwide jurisdiction in terms of safeguarding the assets of companies in financial difficulties. "

Oh, by the way, Yukos is merely the largest oil-producing company in Russia. And it was auctioned off today and purchased by a mysterious company no one knows much about. And the Bush Administration is upset about this turn of events and has registered their unhappiness with the Russian government.

"We had hoped for a solution that would allow for the legitimate enforcement of tax laws but avoid harming investors, especially American investors," White House spokesperson Scott McClellan said today.

I'm just curious as to who those American investors might be.

More later...
Paul