The Daily Docket: Court Rules Russia Owes Ex-Yukos Owners $50 Billio...

A court in The Hague has ruled that Russia owes former shareholders of the now-defunct oil giant Yukos more than $50 billion in compensation for the government’s seizure of the company, The Wall Street Journal reports.

Nursing-home operator Covenant Care LLC said its $70 million offer for 19 nursing homes in Southern California was unfairly rejected due to fine print, despite topping the lead bid of $62 million. Read the story in the Daily Bankruptcy Review.

(Daily Bankruptcy Review is a daily newsletter with comprehensive coverage and analysis of emerging and in-progress insolvencies and turnarounds. For a two-week trial, visit our homepage, scroll to the bottom and click “try for free.”)

The city of Detroit would get a monitor to ensure its progress toward cutting $7 billion in long-term obligations and keeping its finances in order, according to the latest version of a debt-cutting plan submitted by the city’s emergency manager Friday, WSJ reports.

Argentina could make unfortunate history this week if it defaults on its foreign debt for the second time in 13 years as a showdown with creditors comes to a head, according to The Journal.

Ambac Assurance Corp said on Friday its final settlement in Detroit’s bankruptcy case over the treatment of limited-tax general obligation bonds that it insured for the city would result in a 34% recovery, plus another possible 19% from a litigation reserve, reports Reuters.

Parliament House, a gay resort and entertainment complex, filed for Chapter 11 bankruptcy on Friday citing $15.5 million in debt, the Orlando Sentinel reports.

Canada’s Globe and Mail profiles Paul Singer, “the man who’s driving Argentina to the brink,” according to the paper.

Automotive News says GM’s top North American lawyer Lucy Clark Dougherty is on the hot seat along with her boss, Michael Millikin.

Write to Patrick Fitzgerald at [email protected]. Follow him on twitter @PatFitzgerald23.