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Crystallex International Corp v. Bolivarian Republic of Venezue

  1. January 02, 2019

    3rd Circ. Won't Fast-Track $1.2B Venezuela Award Row

    The Third Circuit on Wednesday nixed a bid by Canadian miner Crystallex International Corp. to hurry an appeal challenging an order allowing it to seize shares in Citgo Petroleum Corp.'s parent company to enforce a $1.2 billion arbitral award against Venezuela.

  2. December 18, 2018

    Bondholders Say Nix Ruling In $1.2B Crystallex Award Row

    Holders of bonds issued by Petróleos de Venezuela SA have urged the Third Circuit to overturn a decision allowing Crystallex International Corp. to seize shares in Citgo's parent company, saying it could jeopardize their interests as creditors of the state-owned oil company.

  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.