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USA—court allows Crystallex to seize Citgo shares in ICSID award enforcement against Venezuela (Crystallex v Venezuela)

USA—court allows Crystallex to seize Citgo shares in ICSID award enforcement against Venezuela (Crystallex v Venezuela)
Published on: 13 August 2018
Published by: Law360
  • USA—court allows Crystallex to seize Citgo shares in ICSID award enforcement against Venezuela (Crystallex v Venezuela)
  • What did the court decide?

Article summary

Law360: In the latest episode in a long running battle over enforcement, a Delaware Federal Judge on 9 August 2018 signed off on Canadian mining company Crystallex International Corporation’s request to seize shares in Citgo Petroleum Corporation, which is owned by a Venezuelan state-run oil company, to block Venezuela from escaping a $US1.2bn arbitration award over a cancelled mining contract. or take a trial to read the full analysis.

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