November 01, 2023
A group of seven creditors of Venezuela won a ruling on Wednesday that puts them closer to taking part in an auction next year of shares in Citgo's indirect parent company, a sales process that's expected to satisfy billions of dollars' worth of Venezuelan debt.
July 25, 2023
Venezuela has urged a Delaware federal court not to let a creditor participate in an auction for control of oil giant Citgo to recoup the $36 million the foreign company says it's owed since the republic expropriated its maritime-services operations in 2009.
May 18, 2023
A foreign company that Venezuela owes more than $36 million to after expropriating its maritime-services operations wants that compensation to come from the heavily anticipated sale of oil giant Citgo, on Wednesday becoming the latest creditor to seek a slice of the proceeds.