Judge Weighs Effect Of Sanctions In Del. Venezuela Cases

Law360 (May 11, 2021, 9:23 PM EDT) -- A Delaware federal judge weighing whether to grant seizure orders for Citgo's parent company to creditors owed hundreds of millions of dollars by Venezuela indicated Tuesday that he is considering whether U.S. sanctions on Caracas preclude him from issuing such an order.

U.S. District Judge Leonard P. Stark ordered U.S. military shipbuilder Huntington Ingalls, OI European Group BV and Venezuela and its state-owned oil company, PDVSA, to provide further briefing on several questions he has on the sanctions. That includes a question as to whether, if he were to order the writ of attachment on shares in PDVSA subsidiary PDV Holding,...

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