February 24, 2023
A New York judge has ordered Venezuela's state-owned oil company to pay attorney fees to a creditor looking to collect a $260 million debt, although he awarded significantly less than the $3.2 million its counsel had sought, a sum characterized as "indulgent" by a magistrate judge.
March 17, 2022
Venezuela's state-owned oil company urged a New York court to deny the majority of an investment firm's $3.3 million legal fees, saying redundancies and "inexplicable" legal team shake-ups had inflated the firm's costs of winning a $247 million court judgment.
February 07, 2022
A New York federal judge has rejected an effort by Venezuela's state-owned oil company to stay a $246 million judgment won against it by an investment firm, after determining that U.S. sanctions restrictions are "collateral" to the judgments themselves.
February 04, 2022
An investment firm that scored $246 million against Venezuela's state-owned oil company urged a New York federal judge Friday to deny a request to stay the judgments, saying the company was wrong to claim that U.S. sanctions blocked enforcement of the orders.
January 07, 2022
A New York federal judge found no reason to rush enforcement of two judgments against Venezuela's state-owned oil company worth $246 million, citing numerous obstacles still impeding the sale of Petroleos de Venezuela's U.S. asset Citgo.
December 14, 2021
Venezuela's state-owned oil company told a New York federal judge Tuesday that U.S. sanctions complicated its ability to make payments on a $118 million debt and that liability should not be decided based on its recent court loss to another creditor.
March 19, 2021
A creditor of Venezuela's state-owned oil company penned a letter to a New York federal judge saying that clerical errors marking its $118 million suit as "terminated" has unfairly stalled it from seizing Citgo shares.
January 15, 2020
A creditor of Venezuela's state-owned oil company that claims it's owed more than $118 million can proceed with litigation to enforce the debt after a New York federal judge ruled that it wouldn't be fair to keep the case on hold until the country is politically stable.