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Crystallex International Corp v. Bolivarian Republic of Venezuela
Case Number:
23-1117
Court:
Nature of Suit:
Companies
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July 09, 2024
3rd Circ. Says Creditor Can't Get Privileges In Citgo Sale
The Third Circuit on Tuesday nixed a bid by a creditor owed some $260 million by Venezuela's state-owned oil company for special participation privileges as an auction looms for Citgo's parent company to satisfy billions of dollars in Venezuelan debt.
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February 23, 2023
Creditor Wants Its Rights Protected As Citgo Auction Looms
A creditor owed some $260 million by Venezuela's state-owned oil company pressed the Third Circuit to let it intervene in litigation in Delaware relating to an auction for control of Citgo, arguing that the lower court wrongly denied its motion as untimely.