Crystallex International Corporation v. Bolivarian Republic of Venezuela

  1. September 17, 2020

    Crystallex Wants Citgo Sale In January In $1.2B Award Row

    Crystallex on Thursday asked a Delaware judge to set a January date for a sale of Citgo's parent company to enforce a $1.2 billion arbitral award against Venezuela, even as complicated questions relating to sanctions and U.S. national security concerns were debated during the same hearing.

  2. August 31, 2020

    US Urges Del. Judge To Pause Crystallex's Bid For Citgo

    The Trump administration is urging a Delaware judge to hold off from allowing Crystallex to sell shares in Citgo's parent company to enforce a $1.2 billion arbitral award against Venezuela, arguing Friday that U.S. foreign policy interests would otherwise be "needlessly imperiled."

  3. July 17, 2020

    Venezuela Points To New Leadership In $1.2B Award Fight

    A Delaware judge considering whether to dissolve his order allowing Crystallex to seize shares in Citgo's parent company to enforce a $1.2 billion arbitral award against Venezuela questioned on Friday whether the Third Circuit, which affirmed his decision, had left him the opportunity to do so.

  4. July 09, 2020

    Crystallex Wants Citgo Sale In $1.2B Award Row To Proceed

    Crystallex is asking a Delaware court to forge ahead with an auction of Citgo's parent company as it looks to enforce a $1.2 billion arbitral award against Venezuela, even as other creditors of the crisis-stricken country have begun to circle around Caracas' most important foreign asset.

  5. May 22, 2020

    Crystallex, Venezuela $1.2B Award Fight Moves Ahead

    A Delaware federal judge on Friday gave Citgo's parent company two weeks to respond to an order allowing Crystallex to seize its shares to enforce a $1.2 billion arbitral award against Venezuela, days after the U.S. Supreme Court declined to take up the country's challenge against the order.

  6. January 28, 2020

    Crystallex Can't Force Citgo Parent To Answer Seizure Order

    Crystallex International Corp. can't force Citgo's parent company to immediately respond to a seizure order aimed at enforcing a $1.2 billion arbitral award against Venezuela after a Delaware federal judge ruled Tuesday that it wasn't clear the information was needed for U.S. government approval of an asset sale.

  7. January 13, 2020

    Venezuela Says Crystallex Can't Rush High Court Challenge

    The Canadian mining company Crystallex can't force Venezuela to speed up its bid to have the U.S. Supreme Court review a $1.4 billion arbitral award dispute, the Latin American country said in Delaware federal court.

  8. December 20, 2019

    Crystallex Tells Venezuela To Hurry Up In $1.4B Award Fight

    Political turmoil in Venezuela shouldn't stop the country from responding to its $1.4 billion bill, Crystallex told a federal court in a brief that decried the country's attempt to "drag out" its appellate fight against the arbitral award.

  9. December 12, 2019

    Crystallex Bid To Enforce $1.4B Venezuela Award Put On Ice

    A Delaware federal judge on Thursday paused efforts by Crystallex to enforce an arbitral award against Venezuela now worth some $1.4 billion, citing a litany of reasons, including U.S. sanctions and the "greater-than-usual" possibility that the U.S. Supreme Court may take up the case.

  10. December 10, 2019

    Venezuela Says OFAC License Needed For Share Seizure

    Venezuela told a Delaware federal judge Monday that Canadian miner Crystallex and other companies cannot seize and sell off shares in Citgo's parent company unless they obtain a specific license from the U.S. Treasury Department's Office of Foreign Assets Control.