January 18, 2022
Venezuela has lost its bid to overturn an order allowing Crystallex to continue planning a sale of Citgo's parent company to enforce a $1.2 billion arbitral award against the country, after the Third Circuit ruled Tuesday that it lacked jurisdiction over the appeal.
December 07, 2021
A district court's ruling giving a Canadian mining company a stake in Venezuela's government-owned oil interests to satisfy a $1.4 billion judgment is ripe for the Third Circuit's review because it was a final order, the federal appeals court heard Tuesday.
December 03, 2021
A Pennsylvania mass transit operator, the commonwealth's banking regulator and the Bolivarian Republic of Venezuela are among the entities in December seeking the Third Circuit's input on such issues as thorny constitutional matters and a $1.4 billion arbitral award battle.
August 13, 2021
Canadian mining company Crystallex can't force the sale of Citgo's parent company to satisfy a $1.2 billion arbitration award against Venezuela because it can't prove that the state-owned oil company that holds the majority share is actually an "alter ego" of Venezuela, the Third Circuit was told.
June 02, 2021
The Third Circuit on Wednesday opted not to stay an order allowing Crystallex to forge ahead with planning a sale of Citgo's parent company to enforce its $1.2 billion arbitral award against Venezuela while the country and its state-owned oil company pursue an appeal.
May 20, 2021
Venezuela and its state-owned oil interests have urged the U.S. Third Circuit Court of Appeals to overturn a lower court ruling in Delaware that a court writ of attachment is insufficient security for an appeal of a billion dollar-plus sale of stock in Citgo's parent company to settle a judgment.
April 07, 2021
Venezuela's appeal challenging an order allowing Crystallex to proceed with a sale of Citgo's parent company to enforce its $1.2 billion arbitral award against the country is an attempt to draw the Third Circuit into "micromanaging" the district court's interlocutory rulings, the mining company argued.