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Citgo Ruling Offers Award Enforcement Road Map

By Vitaly Morozov ( January 7, 2026, 5:30 PM EST) -- A Nov. 25 opinion, Crystallex International Corp. v. Venezuela, by the U.S. District Court for the District of Delaware approving a $5.892 billion bid for shares in PDV Holding Inc., the indirect parent of Citgo Petroleum Corp., brings the long-running enforcement of the Crystallex arbitration award against Venezuela closer to resolution and offers crucial lessons for creditors pursuing sovereign debt....

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