Crystallex International Corporation v. Bolivarian Republic of Venezuela

  1. November 25, 2019

    Venezuela Says Sanctions Changes Bar Citgo Share Seizure

    Venezuela has urged a Delaware federal judge to maintain a prohibition on Crystallex seizing and selling off shares in Citgo's parent company, telling the court that allowing the Canadian miner to proceed would violate U.S. sanctions.

  2. October 16, 2019

    Crystallex Says 3rd Circ. Shares Seizure Ruling Should Stand

    Crystallex urged the Third Circuit on Tuesday to keep in place a panel ruling that lets the Canadian miner seize shares in Citgo's parent company, saying the panel correctly found that Venezuela and its state-owned oil company are not separate entities.

  3. November 26, 2018

    Crystallex, Venezuela Ink Deal Over $1.2B Award

    Crystallex International Corp. has reached a deal with Venezuela and will temporarily halt efforts to enforce a $1.2 billion arbitration award issued after the financially troubled nation expropriated its mining investments, saying Monday that it's already pocketed $500 million in cash and liquid securities.

  4. September 04, 2018

    Keep Sale In $1.2B Venezuela Award Row Paused, Court Hears

    Things began heating up even more in Delaware federal court on Friday as bondholders and other interested parties sought to maintain a pause on the sale of Citgo Petroleum Corp.'s parent company, a means for Crystallex International Corp. to enforce its $1.2 billion judgment against Venezuela.

  5. August 23, 2018

    Crystallex Can Seize Assets In $1.2B Venezuela Award Row

    A Delaware federal judge on Thursday allowed Crystallex International Corp. to seize shares of Citgo Petroleum Corp.'s parent company to begin the process of enforcing its $1.2 billion judgment against Venezuela, while tapping the brakes on a sale of those assets — at least for the moment.

  6. August 22, 2018

    Rosneft Asks For Oversight Of Citgo Sale In $1.2B Award Row

    A Swiss unit of Russian oil giant Rosneft urged a Delaware federal judge on Wednesday to oversee Crystallex International Corp.'s sale of shares in Citgo Petroleum Corp.'s parent company to enforce its $1.2 billion arbitral award against Venezuela, saying it's one of a "multitude" of parties potentially affected by the sale.

  7. August 20, 2018

    Citgo Trying To Delay $1.2B Venezuela Award Row, Miner Says

    Crystallex International Corp. pressed a Delaware federal judge Monday to allow it to immediately forge ahead with the sale of Citgo Petroleum Corp.'s shares, a means of enforcing its $1.2 billion award against Venezuela, saying a bid by Citgo to have the court oversee the sale is a delaying tactic.

  8. August 17, 2018

    Order Needed Now In Venezuela $1.2B Award Row, Miner Says

    Crystallex International Corp. pressed a Delaware judge to immediately issue an order allowing it to seize shares in Citgo Petroleum Corp. to enforce its $1.2 billion award against Venezuela, while the country's state-owned oil company angled for a pause during its pending appeal.

  9. August 09, 2018

    Crystallex To Get Shares Of Citgo In $1.2B Award Row

    A Delaware federal judge Thursday signed off on Canadian mining company Crystallex International Corp.'s request to seize shares of Citgo Petroleum Corp., which is owned by a Venezuelan state-run oil company, to block Venezuela from escaping a $1.2 billion arbitration award over a canceled mining contract.

  10. February 27, 2018

    Iran Case Doesn't Change $1.2B Venezuela Row, Oil Co. Says

    Venezuela's state-owned oil company on Monday threw cold water on Crystallex International Corp.'s efforts in Delaware federal court to tie a recent U.S. Supreme Court decision regarding the victims of a 1997 Hamas bombing to the Canadian miner's own efforts to enforce a $1.2 billion arbitral award, arguing that the two have nothing in common.