November 26, 2018
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.
September 04, 2018
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.
August 23, 2018
A Delaware federal judge on Thursday allowed Crystallex International Corp. to seize shares of Citgo Petroleum Corp.'s parent company to begin the process of enforcing its $1.2 billion judgment against Venezuela, while tapping the brakes on a sale of those assets — at least for the moment.
August 22, 2018
A Swiss unit of Russian oil giant Rosneft urged a Delaware federal judge on Wednesday to oversee Crystallex International Corp.'s sale of shares in Citgo Petroleum Corp.'s parent company to enforce its $1.2 billion arbitral award against Venezuela, saying it's one of a "multitude" of parties potentially affected by the sale.
August 20, 2018
Crystallex International Corp. pressed a Delaware federal judge Monday to allow it to immediately forge ahead with the sale of Citgo Petroleum Corp.'s shares, a means of enforcing its $1.2 billion award against Venezuela, saying a bid by Citgo to have the court oversee the sale is a delaying tactic.
August 17, 2018
Crystallex International Corp. pressed a Delaware judge to immediately issue an order allowing it to seize shares in Citgo Petroleum Corp. to enforce its $1.2 billion award against Venezuela, while the country's state-owned oil company angled for a pause during its pending appeal.
August 09, 2018
A Delaware federal judge Thursday signed off on Canadian mining company Crystallex International Corp.'s request to seize shares of Citgo Petroleum Corp., which is owned by a Venezuelan state-run oil company, to block Venezuela from escaping a $1.2 billion arbitration award over a canceled mining contract.
February 27, 2018
Venezuela's state-owned oil company on Monday threw cold water on Crystallex International Corp.'s efforts in Delaware federal court to tie a recent U.S. Supreme Court decision regarding the victims of a 1997 Hamas bombing to the Canadian miner's own efforts to enforce a $1.2 billion arbitral award, arguing that the two have nothing in common.
August 17, 2017
Venezuela's state-run oil company has slammed Canadian mining company Crystallex International Co.'s recent bid in Delaware federal court to seize shares of a U.S. corporation owned by it, a request Crystallex lodged in an effort to collect a $1.2 billion arbitration award against the country.
August 16, 2017
Canadian mining company Crystallex International Co. has sought to block Venezuela from escaping a $1.2 billion arbitration award over a canceled mining contract, asking a Delaware federal court Monday to seize shares of a U.S. corporation owned by a Venezuelan state-run oil company.