February 22, 2022
Two Swiss Koch Industries affiliates owed some $400 million by Venezuela have been given the green light to join a queue of the debt-ridden country's creditors that have targeted shares in Citgo's parent company, Caracas' largest and most important foreign asset.
December 02, 2021
Two Swiss Koch Industries affiliates are seeking to join the rush to collect on debts from Venezuela's U.S. asset Citgo, asking a federal judge for an order that would allow the companies to register their $400 million award confirmation in Delaware.
August 18, 2021
A D.C. federal magistrate judge on Wednesday granted a bid by two Swiss Koch Industries affiliates to confirm a roughly $400 million arbitration award against Venezuela, ruling that the country has presented no grounds to contest the authenticity of the International Centre for Settlement of Investment Disputes award.
April 06, 2021
Venezuela urged a D.C. federal judge to not immediately rule on a suit to confirm a $400 million arbitration award filed by two Swiss Koch Industries affiliates, arguing the companies have not yet fully calculated the interest accrued on the judgment amount.
March 23, 2021
Two Switzerland-based affiliates of Koch Industries have told a D.C. federal judge that the court was obligated to confirm a nearly $400 million arbitration award against Venezuela.
February 23, 2021
Venezuela was unable on Monday to get a redo as it tries to escape litigation filed by two Swiss Koch Industries affiliates to enforce a more than $400 million arbitral award, instead earning a rebuke that its objections to a magistrate judge did "not comport with the reality" of the case.
January 22, 2021
A pair of Koch Industries companies urged a D.C. federal judge to deny Venezuela's attempt to relitigate a $400 million award confirmation suit and accused the country of wasting judicial resources after it disagreed with a magistrate judge's refusal to toss the suit.
January 07, 2021
Venezuela is pushing back after a magistrate judge declined to toss a lawsuit from two Swiss companies to enforce a more than $400 million arbitral award against it, saying the judge merely made a recommendation that was "improperly issued" as an opinion.
December 23, 2020
Venezuela has avoided being found in default after waiting more than a year to respond to a lawsuit filed by two Swiss Koch Industries affiliates to enforce a more than $400 million arbitral award against the country, as proceedings to have the award annulled remain ongoing.
August 19, 2019
Two Koch Industries Inc. affiliates told a D.C. federal court that Venezuela is continuing to use "blatant and unconscionable" delay tactics by saying it wasn't properly served with the companies' bid to confirm a more than $400 million arbitral award.