PDVSA Unit Fights Crystallex's $1.4B Award Suit In 3rd Circ.

Law360, New York (June 16, 2017, 7:37 PM EDT) -- A subsidiary of Venezuela’s state-owned oil company urged the Third Circuit on Thursday to cut it from Canadian mining company Crystallex’s suit accusing the oil company of orchestrating transfers to dodge a $1.39 billion arbitration award, saying the transferred property is immune because it belongs to a foreign country. 

Crystallex International Corp. brought the suit in an attempt to collect on the $1.386 billion award, which was issued by a tribunal at the International Centre for Settlement of Investment Disputes in April 2016 following a dispute...
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