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Crystallex International Corp v. Petroleos de Venezuela SA, et al
Case Number:
16-4012
Court:
Nature of Suit:
Companies
Sectors & Industries:
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February 08, 2018
3rd Circ. Won't Rehear Crystallex $1.4B Venezuela Mine Suit
The Third Circuit recently declined to reconsider its ruling that Canadian mining company Crystallex cannot sue the Delaware subsidiary of Venezuela's national oil company to collect a $1.39 billion arbitral award over a canceled mining contract, denying the miner's rehearing bid.
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June 16, 2017
PDVSA Unit Fights Crystallex's $1.4B Award Suit In 3rd Circ.
A subsidiary of Venezuela's state-owned oil company urged the Third Circuit on Thursday to cut it from Canadian mining company Crystallex's suit accusing the oil company of orchestrating transfers to dodge a $1.39 billion arbitration award, saying the transferred property is immune because it belongs to a foreign country.