Crystallex International Corporation v. Bolivarian Republic of Venezuela

  1. 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.

  2. 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.

  3. 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.

  4. 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.

  5. 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.

  6. 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.

  7. 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.

  8. 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.

  9. 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.

  10. 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.