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Crystallex International Corp. v. PDV Holding, Inc.

  1. May 28, 2021

    Bondholders Ask Del. Judge To Toss Crystallex's Citgo Claims

    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.

  2. November 28, 2018

    Citgo Parent Wants Crystallex Suits To Stay On Hold

    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.

  3. 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.

  4. 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.

  5. 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.

  6. April 13, 2017

    Venezuelan Oil Unit Fights Tight Schedule In Crystallex Row

    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.

  7. January 05, 2017

    Crystallex Targets Rosneft In $1.4B Venezuelan Oil Co. Suit

    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.