Crystallex Tells Justices Venezuela Is Stalling On $1.4B Award

Law360 (April 14, 2020, 5:46 PM EDT) -- Canadian mining company Crystallex has asked the U.S. Supreme Court to reject Venezuela's bid to have the court review a $1.4 billion arbitral award dispute, saying Venezuela hasn't met the standards for review or presented any valid questions to the court.

Crystallex said Monday that this is Venezuela's latest attempt to avoid paying the award after the International Centre for Settlement of Investment Disputes determined it had wrongfully ousted the company from an operating contract for the Las Cristinas mine, which contains one of the world's largest undeveloped gold deposits.

Venezuela appealed to the Supreme Court in March, asking the high...

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