May 28, 2021
The holders of some $1.9 billion in defaulted Venezuelan bonds are urging a Delaware judge to dismiss Canadian mining company Crystallex's allegations against them in a long-paused lawsuit that argues Venezuela's decision to secure the bonds with shares in U.S. oil giant Citgo's parent company was illegal.
November 28, 2018
The U.S. subsidiary of Venezuela’s state-owned oil company that owns Citgo has urged a Delaware federal judge to extend the stay of Crystallex enforcement actions regarding a $1.2 billion arbitration award against the financially troubled nation, saying the matters should remain paused pending a Third Circuit decision in related litigation.
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.
April 13, 2017
A unit of Venezuela's state-owned oil company asked a Delaware federal judge Wednesday to deny a request from Canadian mining company Crystallex for expedited legal briefing in Crystallex's suit seeking to secure a $1.4 billion arbitral award before the Venezuelan government repatriates the money.
January 05, 2017
A company that won $1.4 billion after its gold mining venture was nationalized by Venezuela expanded its legal war against Venezuelan state-owned oil company PDVSA on Wednesday to include the Russian oil giant Rosneft OAO, saying it knowingly took part in a sham transaction.