May 01, 2023
The federal judge overseeing efforts by Venezuela's creditors to obtain a stake in Citgo is letting that litigation move forward amid a challenge from Venezuela's state-owned petroleum company, a crucial decision with the Biden administration close to approving a Citgo auction.
March 24, 2023
A Delaware judge on Thursday allowed creditors of Venezuela that are owed a collective $1.6 billion to target shares in Citgo's parent company that are held by the country's national oil company, ruling that ongoing political turmoil hasn't altered the cozy relationship between the oil company and the government.
September 30, 2022
A judge in Delaware unpaused efforts Thursday by creditors of Venezuela that are owed hundreds of millions of dollars to try to prove that they can seize shares in Citgo's parent company to satisfy the debt, after the Third Circuit declined this past summer to review several underlying issues.
May 04, 2022
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.
April 29, 2022
Venezuela argued on Thursday that a recent decision from the U.S. Supreme Court in a case over Nazi-looted art is the final blow for a seizure order over shares in Citgo's parent company, which was issued in an enforcement case over a $1.2 billion arbitral award.
March 02, 2022
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.
February 04, 2022
The Venezuela state-owned parent company of Citgo says bondholders seeking attachment on $118 million in stocks have failed to prove the company is the alter ego of the South American nation, and that their attempt to recoup that money in Delaware federal court should be dismissed.
December 16, 2021
Bondholders say delaying attachment on $118 million worth of Citgo's parent company's stock could irrevocably prejudice them, since the pending sale of that stock in a related case could completely divvy up the proceeds before it gets to the table.
November 24, 2021
Bondholders say they've waited patiently and deserve a tentative attachment on $118 million worth of Citgo's parent company's stock, arguing that the Venezuela-owned companies they say owe them money are essentially the country's "alter egos."