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Crystallex To Get Shares Of Citgo In $1.2B Award Row

Law360 (August 9, 2018, 10:28 PM EDT) -- A Delaware federal judge Thursday signed off on Canadian mining company Crystallex International Corp.’s request to seize shares of Citgo Petroleum Corp., which is owned by a Venezuelan state-run oil company, to block Venezuela from escaping a $1.2 billion arbitration award over a canceled mining contract.

U.S. District Judge Leonard P. Stark said the opinion, filed under seal, is expected to be released later with redactions after reviewed by Crystallex and Petróleos de Venezuela SA, which is linked to PDV Holding Inc.

In August 2017, Crystallex...
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