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USA—Crystallex given permission to seize assets in $US 1.2 billion ICSID arbitral award dispute (Crystallex v Venezuela)

Published on: 28 August 2018
Published by: Law360
  • USA—Crystallex given permission to seize assets in $US 1.2 billion ICSID arbitral award dispute (Crystallex v Venezuela)
  • What did the court decide?

Article summary

Law360: A Delaware federal judge allowed Crystallex International Corporation to seize shares of Citgo Petroleum Corporation to begin the process of enforcing its $US 1.2 billion judgment against Venezuela following its success in an International Centre for Settlement of Investment Disputes (ICSID) arbitration, while staying an upcoming sale of those assets, at least for the moment. or take a trial to read the full analysis.

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