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.
April 28, 2022
A creditor owed some $246 million by Venezuela's state-owned oil company came closer to collecting the debt on Thursday after a judge in Delaware signaled his willingness to grant an attachment order over shares in Citgo's parent company, which is indirectly held by the debt-ridden country.
March 15, 2022
PDVSA continued Monday to fight efforts by a creditor owed $246 million to move ahead with litigation in Delaware to enforce the debt, despite a ruling this month from the same judge allowing several cases filed by other creditors of the country to proceed.
March 03, 2022
Venezuela's state-owned oil company is urging a Delaware federal court to toss the lawsuit of a creditor owed $246 million, saying that firm's request for a lien on shares in Citgo's parent company is forbidden due to U.S. sanctions on Venezuela.