Robin Good: Google has launched its own version of (Bing) Disavow Links tool which has been designed to help webmasters reduce the negative impact of inbound spammy links when these cannot be easily removed by simply contacting the original web site owner.
N.B.: "Google recommends to remove your unnatural backlinks by either removing the links yourself or by sending a request to the concerned webmaster for the removal of the links. If still there remains some extra backlinks which you are unable to remove then you must use the Disavow tool."
Find out more about it here: http://click.xydo.com/toolbar_view/2038/7/25
and here: http://www.seosandwitch.com/2012/10/googles-disavow-links-tool-for-sites.html
Check also Matt Cutts explaining the "Disavow links" feature of Google Webmaster Tools and how to best use it: