Crystallex International Corporation v. Bolivarian Republic of Venezuela
Case Number:
1:17-mc-00151
Court:
Nature of Suit:
Registration of Foreign Judgment
Judge:
Firms
- Abrams & Bayliss
- Akerman LLP
- Blank Rome
- Clement & Murphy
- Cole Schotz
- Connolly Gallagher
- Cross & Simon
- Dailey LLP
- DLA Piper
- Dorsey & Whitney
- Duane Morris
- Gellert Seitz
- Halloran Farkas
- Hecker Fink
- Heyman Enerio
- Klehr Harrison
- Landis Rath
- McCarter & English
- McCollom D'Emilio
- McDermott Will & Schulte
- Morris James
- Morris Nichols
- Pachulski Stang
- Paul Weiss
- Potter Anderson
- Quinn Emanuel
- Reed Smith
- Richards Layton
- Ross Aronstam
- Skadden Arps
- Smith Katzenstein
- Stevens & Lee
- Werb & Sullivan
- Womble Bond
Companies
- Altana AG
- Banco San Juan Internacional Inc.
- CITGO Petroleum Corp.
- ConocoPhillips Co.
- Contrarian Capital Management LLC
- Crystallex International Corp
- Gold Reserve Inc
- Huntington Ingalls Industries Inc.
- Northrop Grumman Corp.
- Saint-Gobain SA
- Siemens Energy AG
- Tenaris S.A.
- Tidewater, Inc.
- U.S. Bancorp
- Vitol Inc.
Sectors & Industries:
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April 04, 2022
Citgo Sale Feud Is Probably Headed Back To 3rd Circ.
In what looks like yet another return to the Third Circuit, the Republic of Venezuela and three intervenor entities appealed a Delaware judge's order to begin moving forward with the sale of shares of Citgo Petroleum Corp.'s parent company as part of a defunct Canadian miner's effort to enforce a $1.2 billion arbitral award against the country.
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March 02, 2022
Judge Allows Citgo Sales Process To Go Forward
A Delaware judge ruled Wednesday that he will not wait for an official signoff from the Biden administration to continue organizing the sales procedures for shares in Citgo's parent company as a defunct Canadian miner looks to enforce a $1.2 billion arbitral award against Venezuela.
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January 06, 2022
Judge Overrules Fee Request Objections As Citgo Sale Looms
A Delaware federal judge overseeing the contentious proposed sale process for shares in Citgo's parent company approved another round of special master fees Thursday, despite complaints from Venezuela that the bill is getting way too high.
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November 08, 2021
US Sanctions Continue To Gum Up $1.2B Award Enforcement
It became clear during a lengthy Monday hearing that the proposed sale process for shares in Citgo's parent company to enforce a $1.2 billion arbitral award against Venezuela remains mired in divisive issues, not the least of which are U.S. sanctions against the debt-ridden country.
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November 05, 2021
Venezuela Says Citgo Sales Process Proposal Is Flawed
Venezuela has slammed the proposed sales process in which a state-owned business would be forced to sell shares in Citgo's parent company, arguing an investment banker hired to advise the special master who penned the proposal is biased and shouldn't be working the case.
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September 15, 2021
US Won't OK Crystallex Bid Seeking Sale Of Citgo Shares Yet
The Biden administration has denied Crystallex a license allowing the sale of shares in Citgo's parent company held by Venezuela's state-owned oil company to enforce a $1.2 billion arbitral against the country, though it left the door open for the Canadian mining company to reapply in a few months.
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September 10, 2021
More Fees Awarded In Citgo Sale Fight Despite Outcry
A Delaware federal judge has ruled that a special master appointed to oversee the sale of Citgo's parent company can be paid roughly $111,000 in fees in excess of a $2 million cap, despite outcry that the special master was running up bills "as if no cap existed."
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September 08, 2021
Special Master Targeted In Fight Over Fees For Citgo Sale
The special master overseeing the sale of Citgo's parent company has become embroiled in a dispute over fees that exceed a $2 million cap, marking at least the second time that the retired Skadden partner has raised eyebrows over fees incurred while overseeing a court-ordered sales process.
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May 10, 2021
Crystallex, Venezuela Butt Heads Over Special Master Order
Crystallex is objecting to a position adopted by Venezuela and its state-owned oil company, Petroleos de Venezuela S.A, that the parties involved in the sale of Citgo's parent company — and perhaps even the special master overseeing it — will need a license to proceed with the transaction due to U.S. sanctions on Caracas.
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April 14, 2021
Ex-Skadden Partner To Steer Citgo Sale For Crystallex Award
A Delaware federal judge on Tuesday appointed a retired Skadden Arps Slate Meagher & Flom LLP partner as special master to Crystallex's sale of Citgo's parent company, which is indirectly held by Venezuela, to enforce its $1.2 billion award against the country.