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Crystallex International Corporation v. Bolivarian Republic of Venezuela

  1. April 30, 2023

    Biden Administration Greenlights Citgo Sale

    The Biden administration will not stand in the way of a sales process for control of Citgo that's expected to satisfy billions of dollars in debt owed by Venezuela, according to documents filed in Delaware federal court late Friday.

  2. April 27, 2023

    Judge Sinks Venezuela DQ Bid In Citgo Suit As Appeal Looms

    A Delaware judge refused Thursday to prevent a special master from continuing to coordinate a high-profile auction for control of Citgo while Venezuela asks the Third Circuit to disqualify him from the case, saying the country hadn't shown that its appeal is likely to succeed.

  3. March 30, 2023

    Retired Skadden Special Master Can Stay On Citgo Auction

    A federal judge on Thursday found no evidence that the special master coordinating a high-profile auction for control of Citgo pressured the U.S. government to change its sanctions policy, rejecting an effort by Venezuela to disqualify the court-appointed master.

  4. February 06, 2023

    Special Master Blasts Citgo's DQ Bid In Auction Case

    A special master organizing a sale for shares in Citgo's Venezuelan parent company to satisfy a $1.2 billion arbitration award slammed the oil giant's bid for his ousting as a transparent effort to attack the auction itself, calling the disqualification motion "nothing more than a retread of the same arguments" already rejected by the Delaware federal court.

  5. January 23, 2023

    Citgo Wants Special Master Kicked Off Auction Case

    Citgo wants a Delaware federal court to disqualify a special master organizing the sale of shares in the oil giant's Venezuelan parent company to repay a more than billion-dollar debt, claiming the master improperly advocated for the transaction in a private meeting with U.S. officials.

  6. January 20, 2023

    Creditor Asks 3rd. Circ. For Seat At The Table In Citgo Auction

    Litigation in Delaware relating to an auction for control of Citgo to pay billions of dollars owed to Venezuela's creditors will head back to the Third Circuit, after Red Tree Investments LLC said Thursday that it's appealing a ruling earlier this month denying its motion to intervene.

  7. January 11, 2023

    Venezuela Can't Attend Meeting With Feds Over Citgo

    A judge in Delaware has shot down Venezuela's last-minute request to sit in on a court-appointed special master's meeting with Biden administration officials on Thursday as the court hammers out next steps to conduct an auction for control of the U.S. oil giant Citgo.

  8. October 12, 2022

    Judge Approves Timeline For Selling Shares In Citgo Parent

    A federal judge in Delaware has signed off on details involving the long-awaited sale of shares in the parent of Citgo Petroleum Corp., boosting a Canadian miner's bid to recoup a $1.2 billion judgment against Venezuela via the proceeds from ownership deals for the state-linked oil giant.

  9. July 28, 2022

    Venezuela Dealt Blow In Feud Over Citgo Sales Process

    A judge on Thursday overruled most of Venezuela's objections to a sales process for control of Citgo that the country alleged was deficient and tainted, saying the nation is already getting "far more" than it's entitled to under Delaware law.

  10. May 04, 2022

    Venezuela Gets OK For Quick Appeal In Citgo Sale Fight

    A federal judge in Delaware on Wednesday allowed Venezuela to immediately appeal his decision not to wait for an official signoff from the Biden administration to continue organizing sales procedures for shares in Citgo's parent company, saying the country has raised "novel issues" that must be resolved.

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