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Crystallex International Corporation v. Bolivarian Republic of Venezuela

  1. July 27, 2023

    Citgo Claims To Be Decided In Order, Del. Federal Judge Says

    A judge in Delaware federal court decided on Thursday that creditors of Venezuela will have their claims prioritized in the order they sought to seize shares in Citgo's parent company, as the court gears up for an auction for control of the U.S. oil giant that's tentatively scheduled for next summer.

  2. July 17, 2023

    Citgo Auction Will Proceed As Planned, Del. Judge Says

    A Delaware judge on Monday overruled a last-ditch objection lodged by Venezuela's state-owned oil company that was aimed at tapping the brakes on a long-delayed auction for control of Citgo, setting a tentative date for the sale hearing in July 2024.

  3. June 26, 2023

    Del. Ruling Nudges Citgo Sales Process Along

    A federal judge said Monday that he will not ask Delaware's highest court whether he can order Citgo's parent company to reissue the certificate for its shares, an issue that has been complicating a court-ordered sales process to satisfy more than $1 billion worth of Venezuelan debt.

  4. June 08, 2023

    Venezuela Says Other Creditors Can't Get In On Citgo Sale

    Venezuela urged a Delaware federal judge not to include creditors of Venezuela other than defunct Canadian gold miner Crystallex International Corp. in a sales process for control of Citgo, saying those vying to get in on the auction must first secure "valid" attachment orders over the shares.

  5. June 06, 2023

    Special Master Eyes Sept. Launch Date For Citgo Auction

    The special master overseeing an impending auction for energy giant Citgo wants a federal judge to kick-start the sale process in late September, accusing Venezuela and its state-owned oil regime of voicing objections that "are all recycled and have long been addressed by the court."

  6. 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.

  7. 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.

  8. 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.

  9. 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.

  10. 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.