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Crystallex International Corp. v. PDV Holding Inc.

  1. December 12, 2019

    Crystallex Bid To Enforce $1.4B Venezuela Award Put On Ice

    A Delaware federal judge on Thursday paused efforts by Crystallex to enforce an arbitral award against Venezuela now worth some $1.4 billion, citing a litany of reasons, including U.S. sanctions and the "greater-than-usual" possibility that the U.S. Supreme Court may take up the case.

  2. November 26, 2018

    Crystallex, Venezuela Ink Deal Over $1.2B Award

    Crystallex International Corp. has reached a deal with Venezuela and will temporarily halt efforts to enforce a $1.2 billion arbitration award issued after the financially troubled nation expropriated its mining investments, saying Monday that it's already pocketed $500 million in cash and liquid securities.

  3. January 11, 2018

    Crystallex Seeks 3rd Circ. Redo In $1.4B Venezuela Mine Row

    Canadian mining company Crystallex said Wednesday it will ask the Third Circuit to reconsider a ruling that it cannot sue the Delaware subsidiary of Venezuela's national oil company to collect a $1.39 billion arbitral award over a canceled mining contract, saying lower courts are split on whether the subsidiary was wrongly targeted.

  4. May 08, 2017

    Crystallex To Fight PDVSA's Escape From $1.4B Arbitral Row

    Days after Canadian mining company Crystallex saw Venezuela's state-owned oil company dismissed from its suit seeking to stop the South American company from evading a $1.4 billion arbitral award, Crystallex told a Delaware federal judge Friday that it will allege that the oil company has sufficient U.S. contacts to merit jurisdiction.

  5. May 01, 2017

    PDVSA Excused From Crystallex's $1.4B Arbitral Claim

    A federal judge dismissed Venezuela's state-owned oil company from Canadian mining company Crystallex's lawsuit seeking to stop it from shifting assets away out of U.S. subsidiaries to evade a $1.4 billion arbitral award, finding the court lacked personal jurisdiction over the South American company.

  6. April 11, 2017

    Miner Owed $1.4B Wants Venezuela To Stop Hiding Assets

    Canadian mining company Crystallex International Corp. on Monday urged a Delaware federal court to keep the Venezuelan government from depleting the assets of its state-owned oil company, as the miner attempts to recover a $1.4 billion arbitral award.

  7. March 30, 2017

    Crystallex Fears Venezuela Oil Co. Dodging $1.4B Award

    Canadian mining company Crystallex has pushed a Delaware federal judge for timely discovery in the case to enforce a newly confirmed $1.4 billion award against Venezuela's state-owned oil company for confiscating its gold mine investment, saying the company's U.S. intermediary was moving money out of reach. 

  8. December 20, 2016

    New Venezuela Moves Possible In $3B Crystallex Suit

    An attorney for a U.S. affiliate of Venezuela's national oil company said Tuesday that a Delaware federal court cannot stop shifts of affiliate funds out of America before the resolution of disputes over a $2.8 billion fraudulent transfer claim and pending damage judgments against the firm.

  9. December 02, 2016

    Crystallex Says Venezuela Oil Co. Stalling Over $1.4B Award

    A Canadian mining company that accuses Venezuela’s state-owned oil company of using sham bond transactions to help its owner avoid a $1.4 billion arbitral award urged a Delaware federal judge on Thursday to block the company from appealing his decision, saying there’s no reason to slow down the case.

  10. October 31, 2016

    Miner Sues Over Citgo Bond Swap, Faces Another Appeal

    Crystallex International Corp. sued a U.S. unit of state-owned oil giant Petroleos de Venezuela SA in Delaware federal court on Friday over a bond swap with PDVSA's creditors whose terms Crystallex said fraudulently hinder its effort to wring a $1.4 billion arbitral award out of Venezuela.

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