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USA—court allows Citgo share sale process to proceed, albeit not to stage of transfer of legal title (Crystallex v Venezuela)

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Published on: 07 March 2022
Published by a Law360 reporter

Table of contents

  • What did the court decide?

Article summary

Law360: US District Judge Leonard P Stark ruled that he will not wait for an official sign off from the Biden administration to continue organising the sales procedures for shares in Citgo's parent company as a defunct Canadian mining company looks to enforce a US$1.2bn arbitral award against Venezuela.

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