December 12, 2019
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.
November 26, 2018
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.
January 11, 2018
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.
May 08, 2017
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.
May 01, 2017
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.
April 11, 2017
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.
March 30, 2017
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.
December 20, 2016
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.
December 02, 2016
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.
October 31, 2016
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.