Exxon Disputes $12B Freeze In Dutch Court

Law360, New York (June 19, 2008, 12:00 AM EDT) -- Months after a United Kingdom court rebuffed Exxon Mobil Corp.’s attempt to prolong a $12 billion freeze on assets belonging to Petroleos de Venezuela SA, the two oil titans continue to grapple in the Netherlands over an identical freeze on assets in the Dutch territories.

In the pattern of the U.K. decision, PdVSA seeks to overturn the $12 billion freeze Exxon Mobil has placed on its assets in the Dutch territories, even though the freeze does not really harm the oil company, Rafael Ramirez, Venezuela's minister...
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