PDVSA Wants Court To Quash Subpoena Of Its Chairperson

Law360 (April 13, 2021, 9:18 PM EDT) -- PDVSA has urged a Delaware federal judge to quash a subpoena issued against its chairperson, accusing an Owens-Illinois Inc. subsidiary of launching a "fishing expedition in an attempt to establish jurisdiction" amid a pending question of the state-owned company's sovereign immunity protections.

OI European Group BV is one of many companies trying to seize shares of Citgo, a subsidiary of Petróleos de Venezuela SA that is commonly called the "foreign crown jewel" of Venezuela oil.

Packing products manufacturer OIEG is eyeing Citgo shares to satisfy a more than $500 million arbitral award it won from Venezuela after the country seized two...

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