May 04, 2022
A federal judge in Delaware on Wednesday allowed Venezuela to immediately appeal his decision not to wait for an official signoff from the Biden administration to continue organizing sales procedures for shares in Citgo's parent company, saying the country has raised "novel issues" that must be resolved.
March 02, 2022
A Delaware judge ruled Wednesday that he will not wait for an official signoff from the Biden administration to continue organizing the sales procedures for shares in Citgo's parent company as a defunct Canadian miner looks to enforce a $1.2 billion arbitral award against Venezuela.
June 09, 2021
A Delaware federal judge grilled counsel for Venezuela's state-owned oil company during a Wednesday hearing over why it's fighting efforts by two ConocoPhillips units to obtain an attachment order over Citgo's parent company if, as the oil company claims, such an order would be void due to U.S. sanctions on Venezuela.
March 10, 2021
Venezuela's state-owned oil company blasted two ConocoPhillips subsidiaries for trying to get Citgo shares as compensation for a $2 billion arbitral award, arguing in Delaware federal court that the subsidiaries "muddy the waters" since they lack proper licensing for such an arrangement.
February 17, 2021
Two ConocoPhillips subsidiaries looking to enforce a $2 billion arbitral award against Venezuela are saying U.S. sanctions don't preclude a Delaware court from issuing an attachment order over Citgo's parent company, even as the country's state-owned oil company dismissed those claims as a "hail Mary" argument.
September 17, 2020
The ability of two ConocoPhillips subsidiaries to obtain a seizure order against shares in Citgo's parent company to enforce a $2 billion arbitral award against Venezuela's state-owned oil company appeared to rest on Thursday on a Delaware judge's interpretation of a New York forum selection clause.
November 27, 2019
Two ConocoPhillips subsidiaries looking to enforce a $2 billion arbitral award against Venezuela's state-owned oil company sought a seizure order against shares in Citgo's parent company in Delaware on Tuesday, asking the court to decide on its claim before those of a slew of Venezuela's other creditors.