January 08, 2024
The U.S. Supreme Court declined on Monday to review a Third Circuit ruling affirming that Venezuela's state-owned oil company is liable for the country's massive debts, clearing a potential complication to one of the largest forced sales in Delaware history slated to take place later this year.
November 29, 2023
Venezuela has again asked the U.S. Supreme Court to overturn a Third Circuit decision affirming that the country's state-owned oil company is liable for Caracas' massive debts, saying the lower court misconstrued the Foreign Sovereign Immunities Act and erred in announcing a new alter ego standard.
November 13, 2023
Six major creditors of Venezuela are urging the U.S. Supreme Court not to disturb a Third Circuit ruling that affirmed the country's state-owned oil company is liable for the country's massive debts, rebutting an argument that the appeals court "broke new ground" in its sovereign immunity analysis.
August 17, 2023
Venezuela is asking the U.S. Supreme Court to overturn a Third Circuit ruling affirming that the country's state-owned oil company is liable for Caracas' massive debts, saying the lower court wrongly based its decision on the acts of an illegitimate government that is not recognized by the U.S.