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Crystallex International Corp v. Bolivarian Republic of Venezue

  1. January 01, 2020

    4 International Arbitration Cases To Watch In 2020

    As international arbitration attorneys welcome a new decade, many are keeping a close watch on a handful of cases — including one in which the U.S. Supreme Court will decide whether nonsignatories can enforce an international arbitration agreement and the long-awaited decision from a Dutch appeals court concerning the possible revival of $50 billion in arbitral awards against Russia. Here are the top four cases we're watching in 2020.

  2. October 16, 2019

    Crystallex Says 3rd Circ. Shares Seizure Ruling Should Stand

    Crystallex urged the Third Circuit on Tuesday to keep in place a panel ruling that lets the Canadian miner seize shares in Citgo's parent company, saying the panel correctly found that Venezuela and its state-owned oil company are not separate entities.

  3. September 30, 2019

    3rd Circ. Lets Crystallex Resume Bid To Seize Citgo Shares

    The Third Circuit on Monday lifted a stay of Delaware federal court litigation between Crystallex International Corp. and Venezuela, paving the way for the Canadian miner to seize shares in Citgo's parent company. It's a move the Latin American country has said might hamper its economic recovery.

  4. September 27, 2019

    Venezuela Wants 3rd Circ. To Review Shares Seizure Ruling

    Venezuela and its state-owned oil company urged the Third Circuit to take another look at a panel ruling that lets Crystallex International Corp. seize shares in Citgo's parent company, saying the ruling goes against U.S. Supreme Court precedent.

  5. August 30, 2019

    Venezuela Warns Against Rushing Its Crystallex Award Appeal

    Venezuela is fighting Crystallex's bid to rush the appeals process of a $1.2 billion arbitration award issued against the country, telling the Third Circuit that a hasty decision would cause "catastrophic, irreparable harm."

  6. July 29, 2019

    Crystallex Can Seize Citgo Parent Shares For $1.2B Award

    The Third Circuit on Monday affirmed a ruling allowing Crystallex International Corp. to seize shares in Citgo's parent company to enforce a $1.2 billion arbitral award against Venezuela, agreeing with the district court that Venezuela exerts sufficiently extensive control over its state-owned oil company.

  7. April 15, 2019

    Venezuela State Oil Co. Urges 3rd Circ. To Block Crystallex

    Venezuela's state-owned oil company urged the Third Circuit to shield subsidiary Citgo from Canadian miner Crystallex's bid to seize roughly a billion dollars in assets stemming from an international arbitration row, arguing the mining company's real beef is with the Venezuelan government, not the state-owned firm.

  8. April 03, 2019

    Guaidó Warns Of 'Dangerous' Results In $1.2B Award Fight

    Venezuelan opposition leader Juan Guaidó told the Third Circuit on Wednesday that allowing Crystallex to enforce a $1.2 billion arbitral award by seizing shares in Citgo's parent company could open the door to an "unseemly" judicial auction of the embattled country's assets.

  9. March 19, 2019

    Guaidó Re-Ups Bid To Enter $1.2B Crystallex Award Fight

    Venezuelan opposition leader Juan Guaidó pushed back against arguments that his government be excluded from a Third Circuit appeal over the seizure of shares in Citgo Petroleum Corp.'s parent company to enforce a $1.2 billion arbitral award to Crystallex International Corp., saying Venezuela's input is needed.

  10. March 04, 2019

    Guaidó Wants In On 3rd Circ. $1.2B Crystallex Award Row

    Venezuelan opposition leader Juan Guaidó has urged the Third Circuit to let him appear in an appeal challenging an order allowing Crystallex International Corp. to seize assets belonging to a subsidiary of Venezuela's state-owned oil company, saying the litigation could interfere with U.S. foreign policy objectives.