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Crystallex International Corporation v. Bolivarian Republic of Venezuela

  1. May 31, 2024

    Venezuela Can't DQ Special Master As Citgo Auction Looms

    Venezuela has again fallen short in its efforts to disqualify the special master overseeing the auction of Citgo's parent company to satisfy billions of dollars worth of the country's debt, after a Delaware judge ruled on Friday afternoon that its motivations behind the motion are "suspect."

  2. May 14, 2024

    Crystallex Special Master Fires Back Against Effort To DQ Him

    The special master appointed to oversee the auction of Citgo's parent company to satisfy billions of dollars worth of Venezuelan debt bristled at the country's allegations that he improperly pressured the U.S. to change its sanctions policy to permit the sale to go through.

  3. April 29, 2024

    Venezuela Says It Has Proof Of Special Master Improprieties

    Venezuela has asked a Delaware federal judge to disqualify the special master overseeing the sale of Citgo Petroleum Corp.'s parent company to repay billions of dollars in Venezuelan debt, saying it now has proof he engaged in improper advocacy before the Biden administration.

  4. February 15, 2024

    Del. Judge Won't Reorder Priority Scheme For Citgo Auction

    A Delaware federal judge on Thursday denied a bid from certain creditors of Venezuela for a "more equitable" distribution of proceeds from an auction for control of the U.S. oil giant Citgo slated for later this year, ruling that their motion came too late.

  5. February 08, 2024

    Creditors Say Don't Reorder Priority Scheme In Citgo Auction

    Creditors of Venezuela that are favorably positioned to recoup billions of dollars they're collectively owed in an upcoming auction for control of U.S. oil giant Citgo urged a Delaware federal judge on Wednesday not to grant a hedge fund's request for a "more equitable" distribution of the proceeds.

  6. September 12, 2023

    Crystallex Can't Nip Venezuela's 'Collusive' Case In The Bud

    A Delaware federal judge declined Crystallex's bid on Tuesday for him to immediately consider an issue that's arisen in parallel state court proceedings, which the defunct Canadian mining company argues could gum up a long-delayed auction for control of the U.S. oil giant Citgo.

  7. July 27, 2023

    Citgo Claims To Be Decided In Order, Del. Federal Judge Says

    A judge in Delaware federal court decided on Thursday that creditors of Venezuela will have their claims prioritized in the order they sought to seize shares in Citgo's parent company, as the court gears up for an auction for control of the U.S. oil giant that's tentatively scheduled for next summer.

  8. July 17, 2023

    Citgo Auction Will Proceed As Planned, Del. Judge Says

    A Delaware judge on Monday overruled a last-ditch objection lodged by Venezuela's state-owned oil company that was aimed at tapping the brakes on a long-delayed auction for control of Citgo, setting a tentative date for the sale hearing in July 2024.

  9. June 26, 2023

    Del. Ruling Nudges Citgo Sales Process Along

    A federal judge said Monday that he will not ask Delaware's highest court whether he can order Citgo's parent company to reissue the certificate for its shares, an issue that has been complicating a court-ordered sales process to satisfy more than $1 billion worth of Venezuelan debt.

  10. June 08, 2023

    Venezuela Says Other Creditors Can't Get In On Citgo Sale

    Venezuela urged a Delaware federal judge not to include creditors of Venezuela other than defunct Canadian gold miner Crystallex International Corp. in a sales process for control of Citgo, saying those vying to get in on the auction must first secure "valid" attachment orders over the shares.

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