September 04, 2018
Things began heating up even more in Delaware federal court on Friday as bondholders and other interested parties sought to maintain a pause on the sale of Citgo Petroleum Corp.'s parent company, a means for Crystallex International Corp. to enforce its $1.2 billion judgment against Venezuela.
August 23, 2018
A Delaware federal judge on Thursday allowed Crystallex International Corp. to seize shares of Citgo Petroleum Corp.'s parent company to begin the process of enforcing its $1.2 billion judgment against Venezuela, while tapping the brakes on a sale of those assets — at least for the moment.
August 22, 2018
A Swiss unit of Russian oil giant Rosneft urged a Delaware federal judge on Wednesday to oversee Crystallex International Corp.'s sale of shares in Citgo Petroleum Corp.'s parent company to enforce its $1.2 billion arbitral award against Venezuela, saying it's one of a "multitude" of parties potentially affected by the sale.
August 20, 2018
Crystallex International Corp. pressed a Delaware federal judge Monday to allow it to immediately forge ahead with the sale of Citgo Petroleum Corp.'s shares, a means of enforcing its $1.2 billion award against Venezuela, saying a bid by Citgo to have the court oversee the sale is a delaying tactic.
August 17, 2018
Crystallex International Corp. pressed a Delaware judge to immediately issue an order allowing it to seize shares in Citgo Petroleum Corp. to enforce its $1.2 billion award against Venezuela, while the country's state-owned oil company angled for a pause during its pending appeal.
August 09, 2018
A Delaware federal judge Thursday signed off on Canadian mining company Crystallex International Corp.'s request to seize shares of Citgo Petroleum Corp., which is owned by a Venezuelan state-run oil company, to block Venezuela from escaping a $1.2 billion arbitration award over a canceled mining contract.
February 27, 2018
Venezuela's state-owned oil company on Monday threw cold water on Crystallex International Corp.'s efforts in Delaware federal court to tie a recent U.S. Supreme Court decision regarding the victims of a 1997 Hamas bombing to the Canadian miner's own efforts to enforce a $1.2 billion arbitral award, arguing that the two have nothing in common.
August 17, 2017
Venezuela's state-run oil company has slammed Canadian mining company Crystallex International Co.'s recent bid in Delaware federal court to seize shares of a U.S. corporation owned by it, a request Crystallex lodged in an effort to collect a $1.2 billion arbitration award against the country.
August 16, 2017
Canadian mining company Crystallex International Co. has sought to block Venezuela from escaping a $1.2 billion arbitration award over a canceled mining contract, asking a Delaware federal court Monday to seize shares of a U.S. corporation owned by a Venezuelan state-run oil company.