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.
November 15, 2022
A Canadian gold miner still wants Venezuela's state-owned oil company to cover $1.6 billion in debt owed by the Venezuelan government, arguing in D.C. court Monday that, financially and operationally, the company remains an alter ego of Caracas even though it is controlled by opposition officials.
October 31, 2022
A state-owned Venezuelan oil and gas company petitioned a federal Delaware court to drop an order forcing the company to pay back a $1.2 billion debt owed by the Venezuelan government, claiming that the company is no longer considered to be an alter ego for Venezuela.
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 02, 2022
A Canadian gold-mining company owed $1.6 billion by Venezuela is fighting a move by the country to slow down the company's efforts to enforce the award in Delaware, arguing on Friday that it should not be put at a disadvantage relative to numerous other creditors targeting Citgo's parent company.
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.