July 13, 2026
A subsidiary of Venezuela's state-owned oil company has asked a Delaware federal judge to lift a $131 million default judgment against it in litigation filed by a Hong Kong goods distributor to enforce an arbitral award as it targets the country's interest in oil giant Citgo.
December 17, 2024
A Hong Kong goods distributor has kicked off litigation in Delaware looking to enforce a $131 million arbitral award against a subsidiary of Venezuela's state-owned oil company, stating in its petition that it wants to target the country's interest in the oil giant Citgo.