Crystallex International Corporation v. Bolivarian Republic of Venezuela

  1. December 01, 2025

    Venezuela Will Challenge $5.9B Sale Of Citgo Parent

    Venezuela, the country's state-owned oil company and others have appealed a Delaware federal judge's order approving the $5.89 billion sale of Citgo Petroleum's parent company to an affiliate of hedge fund Elliott Investment Management LP, potentially delaying the long-awaited sale of Venezuela's most significant seizable asset.

  2. November 25, 2025

    Delaware Judge Accepts $5.89B Bid For Control Of Citgo

    A Delaware federal judge on Tuesday approved a $5.892 billion bid from hedge fund Elliott Investment Management LP to purchase shares in Citgo's parent company and satisfy billions of dollars' worth of Venezuelan debt, moving a step closer to ending the long-delayed sale.

  3. November 13, 2025

    Efforts To DQ Judge In Venezuelan Debt Case Come Up Short

    A federal judge on Thursday denied efforts to unseat him and the court-appointed special master overseeing the sale of Citgo's parent company to satisfy billions of dollars in Venezuelan debt, ruling that the motions are both procedurally defective and unmeritorious.

  4. October 14, 2025

    Mining Company Seeks Judge's Removal From Citgo Auction

    A bidder in the sale of Citgo's parent company to satisfy billions of dollars of Venezuelan debt has asked to disqualify a Delaware federal judge from the forced judicial auction, saying it submitted the top bid of $7.9 billion but unfairly lost out to a competitor's lower bid.

  5. July 25, 2025

    Venezuela Urges Del. Judge To Reject $7B Citgo Sale

    Venezuela called on a Delaware federal judge to reject a Gold Reserve subsidiary's $7.4 billion bid to buy Citgo's parent company, arguing that the purchase price is well below half of the shares' fair market value of $18.6 billion.

  6. July 03, 2025

    Gold Reserve Unit To Bid $7.4B In Venezuelan Debt Case

    The special master overseeing the sale of Citgo's parent company to satisfy billions of dollars of Venezuelan debt on Wednesday made his final recommendation on a bidder, choosing a subsidiary of mining company Gold Reserve that has agreed to a $7.382 billion purchase price.

  7. June 04, 2025

    Venezuela Wants To Delay Citgo Hearing Until September

    Venezuela on Tuesday urged a Delaware federal judge to postpone until September a sale hearing for Citgo's parent company that's currently scheduled for next month, saying it needs more time to prepare after his decision last week extending a crucial bidding deadline.

  8. May 27, 2025

    Citgo Auction Deadline Extended Amid Venezuela Debt Fight

    A Delaware federal judge agreed Tuesday to extend a crucial deadline in a forthcoming auction of Citgo's parent company to satisfy billions of dollars of Venezuelan debt, following a "monumental" ruling in New York partially shutting down parallel litigation by creditors outside the Citgo sales process.

  9. April 21, 2025

    Contrarian Unit's $3.7B Citgo Bid Gets OK Despite Objections

    A Delaware federal judge on Monday approved a Contrarian Capital Management affiliate's floor-setting $3.699 billion bid for Citgo's parent company, adopting the recommendation of a special master despite resistance from other bidders.

  10. March 24, 2025

    Contrarian Unit's $3.7B Bid For Citgo Faces Opposition

    The special master overseeing the sale of Citgo's parent company to satisfy billions of dollars of Venezuelan debt is recommending a federal judge proceed with a floor-setting bid of $3.699 billion submitted by an affiliate of Contrarian Capital Management, with the recommendation already meeting resistance.