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United States of America v. All Funds Held in Escrow by Clyde and Co. In The United Kingdom as Damages or Restitution in Petrosaudi v. PDVSA Uncitral Arbitration

  1. May 01, 2025

    PetroSaudi Insists Pause Not Warranted In $380M Award Suit

    A PetroSaudi unit continues fighting the Trump administration's bid to pause litigation to seize a $380 million arbitral award while related proceedings in Switzerland play out, saying a California federal judge has already denied its stay request once before.

  2. April 01, 2025

    US Loses Bid To Stay $380M PetroSaudi Award Seizure Suit

    A California federal judge has denied the U.S. government's motion to pause its yearslong suit to seize part of a $380 million arbitral award to a PetroSaudi unit while somewhat related criminal proceedings in Switzerland play out.

  3. March 18, 2025

    PetroSaudi Says Feds' Suit Over $380M Award Must Proceed

    A PetroSaudi unit is fighting the U.S. government's bid to stay its years-long suit to seize part of a $380 million arbitral award while criminal proceedings in Switzerland play out against the unit's former owner, telling a California federal court the move is a stall tactic.

  4. March 05, 2025

    US Looks For Pause In PetroSaudi $380M Seizure Suit

    The United States has asked a California federal court to stay its suit to seize part of a $380 million arbitral award issued to a PetroSaudi unit, saying the civil case is up in the air because the oil producer's sole owner was convicted in August in Swiss criminal court.

  5. October 18, 2024

    US Fights PetroSaudi Bid To Limit $380M Seizure

    The U.S. on Friday slammed a PetroSaudi company's request for a California federal court to clarify that officials can only seize 5% of a $380 million award, calling the request an improper attempt at revisiting a 3-year-old court ruling.

  6. October 08, 2024

    PetroSaudi Says US Not Entitled To All Of $380M Award

    A PetroSaudi unit said it wants a California federal court to make clear that only 5% of funds should go to the Biden administration in a dispute over the proceeds of a nearly $380 million arbitral award allegedly tied to embezzled 1Malaysia Development Berhad funds.

  7. May 21, 2024

    PetroSaudi Says $380M Award Feud Close To Resolution

    A PetroSaudi unit and the Biden administration are nearing a settlement to resolve a bitter dispute over the proceeds of a nearly $380 million arbitral award allegedly tied to embezzled 1Malaysia Development Berhad funds, which the government has been looking to seize for years, the parties said Monday.

  8. August 08, 2023

    BakerHostetler Asks To Drop PetroSaudi Due To Unpaid Fees

    BakerHostetler has asked a California federal judge to allow it to withdraw from representing a PetroSaudi unit because of mounting unpaid legal fees, weeks after telling the Ninth Circuit that PetroSaudi planned to take its fight over the Biden administration's effort to seize a nearly $380 million arbitral award to the U.S. Supreme Court.

  9. January 05, 2022

    PetroSaudi Expands Appeal In 1MDB Embezzlement Case

    A PetroSaudi unit has widened an appeal in a case brought by U.S. prosecutors to seize a nearly $380 million arbitral award allegedly tied to embezzled 1Malaysia Development Berhad funds, saying Wednesday that it is challenging an order granting the government's request to keep the award frozen.

  10. November 23, 2021

    PetroSaudi Fights US Bid For Protective Order

    A unit of PetroSaudi on Monday slammed the U.S. government's attempt to block its collection of a $380 million arbitral award, accusing the government of attempting to strong-arm foreign parties in a hypocritical attempt to seize allegedly embezzled funds.

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