The Moscow Arbitration Court declared Yukos bankrupt August 1, upholding a July 25 vote by the company's creditors.
"The greatest difficulty for us is to determine a discount of the market value to the liquidation cost," Yevgeny Neiman said. "The assets, in our opinion, are not being put up for sale at the best time, because little time is left for active marketing."
Neiman said the consortium of valuators will determine the discount on the basis of international practice, and its size will depend on specific assets.
"A discount could amount to 10% or 90%, depending on the asset," Neiman said.
Neiman also said assets of particular interest will be valuated as a matter of priority, and the first valuation results will appear in early December.
Yukos, whose founder Mikhail Khodorkovsky is serving an eight-year prison term in Siberia after being convicted of fraud in May 2005, faces a total of $16.6 billion in claims from creditors, including its former core production unit, Yuganskneftegaz ($4.07 billion), now owned by state-controlled Rosneft, and the Federal Tax Service.
