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USA—licence for sale of shares in Citgo’s parent company denied (Crystallex v Venezuela)

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Published on: 16 September 2021
Published by a Law360 reporter

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Article summary

Law360: The Biden administration has denied Crystallex a licence allowing the sale of shares in Citgo’s parent company held by Venezuela’s state-owned oil company to enforce a US$1.2bn arbitral award against the state. However, it left the door open for the Canadian mining company to reapply in a few months.

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United Kingdom

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