The parties from Venezuela submitted a motion to disqualify the judicial expert in the CITGO auction before the Delaware Court, regarding the case of Crystallex International Corp. against the Bolivarian Republic of Venezuela concerning the… Venezuelan Parties Target Judicial Expert in CITGO Auction Amid Amber’s Claims of Superior Offer
The CITGO auction has a new bid of USD 10 billion, presented by Blue Water Venture Partners LLC, but the response has been almost unanimously negative. Only the Venezuelan parties, namely Petróleos de Venezuela S.A.… Unanimous Rejection of Blue Water’s CITGO Bid Raises Questions About Its Viability and Intentions
Ivan Freites, a trade union leader with years of experience in the industry, has issued a manifesto stating that “PDVSA is not closing; it will recover with its workers.” His declaration calls for a clear… Antonio de la Cruz Challenges the Illusion of Saving PDVSA While Workers Remain Aboard a Sinking Ship
Shutting down PDVSA is not betraying the homeland; it’s liberating it to build the energy hub of the Americas For decades, we repeated a mantra: PDVSA is the homeland, PDVSA is us all. It was… Antonio de la Cruz Advocates for the Closure of PDVSA as a Path to National Recovery
The Delaware District Court has set a timeline for filing documents related to the CITGO auction following the sale hearing and deemed it unnecessary to suspend the process due to the requests for disqualification of… Court Accelerates CITGO Auction Timeline While Ignoring Challenges to Expert’s Role
The CITGO auction continues, and in its third joint status report to the judicial expert Robert B. Pincus, Gold Reserve and the Venezuelan parties insist on the demand for evidence regarding the sale process of… CITGO Auction Under Fire as Gold Reserve and Venezuelan Parties Demand Evidence of Sales Process Misconduct
The Delaware court overseeing the CITGO auction has ordered the court expert, Robert B. Pincus, to submit a new joint status report by September 26, addressing the alleged conflicts of interest mentioned in a prior… Delaware Court Forces Judicial Expert to Address Conflicts of Interest in CITGO Auction Dispute
The CITGO auction has been paused by the Delaware Court due to the Southern District of New York’s decision affirming the validity of the PDVSA 2020 Bonds. Judge Katherine Polk Failla, overseeing the case of… CITGO Auction Halted Amid Controversial Validation of PDVSA 2020 Bonds in Delaware Court
Parts of Venezuela are pressing for the urgent delivery of documents related to the CITGO auction discovery and are advocating for hearings to be held in October. Similarly, the court has denied motions filed by… Venezuela Pushes for Immediate Document Disclosure in CITGO Auction Amidst Unresolved Legal Tensions
The United States District Court for the District of Delaware established the guidelines for the CITGO auction through an oral order issued by Judge Leonard P. Stark. The magistrate, after determining that the participating entities… US District Court Sets Controversial Guidelines for CITGO Auction Amidst Intense Legal Scrutiny
Guillermo José Zárraga Lázaro, a former employee of Petróleos de Venezuela S.A. (PDVSA), has filed a civil lawsuit against Nicolás Maduro’s criminal enterprise in the U.S. District Court for the Southern District of Florida, accusing… Ex-PDVSA Employee Files Civil Suit Against Maduro’s Criminal Enterprise in Florida Court for Kidnapping, Torture, Illegal Dismissal and Harassment
The energy-focused information session by Dow Jones began with a headline that could reshape the future of Venezuela’s most valuable asset abroad. Elliott Management is set to face scrutiny in U.S. federal courts next week… Elliott Management Faces Crucial Court Test in High-Stakes Bid for CITGO Amid Controversy
The Delaware District Court partially granted a motion filed by Gold Reserve and the Venezuela Parties, seeking to compel a statement from an ad hoc group of PDVSA 2020 Bondholders, which will be significant for… CITGO Auction Scandal: Court Forces 2020 PDVSA Bondholders to Justify Stance on Amber Energy’s Offer Amid Legal Maneuvering
Gold Reserve challenged the updated final recommendation proposed by the court-appointed expert in the CITGO auction regarding Amber Energy’s bid for shares of PDV Holding, which owns the Venezuelan refinery. Before the U.S. District Court… CITGO Auction: Judicial Expert’s Recommendation for Amber Energy Undermined by Creditors Favoring Dalinar Energy’s Superior Proposal
Before the United States Court of Appeals for the Third Circuit, Leroy Garrett, representing 23,000 dismissed workers from PDVSA, requested the suspension of the CITGO auction while the U.S. Supreme Court decides on his challenge… Ex-PDVSA Workers Demand Halt to CITGO Auction Amid Human Rights Violations Claims