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
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
Gold Reserve is seeking to challenge the judicial expert’s qualification regarding the CITGO auction, which presented Amber Energy’s bid as a superior proposal. They argue that this offer does not meet the mandatory requirements for… Gold Reserve Challenges Judicial Expert’s Finding in CITGO Auction, Claims Amber Energy’s Offer Breaches Court Orders
The judicial expert overseeing the CITGO auction, Robert B. Pincus, informed the Delaware Court supervising the sale of the Venezuelan refinery about his determination regarding a Superior Proposal for the acquisition of PDV Holding shares,… Amber Energy Undercuts Dalinar Energy in Controversial CITGO Auction Proceedings
The auction of PDV Holding Inc., the parent company of Citgo Petroleum Corporation, has become one of the most complex and sensitive legal processes linked to Venezuela’s economic collapse and its external debt. Citgo, a… Citgo Auction Exposes Legal Quagmire as Gold Reserve Emerges with Controversial Bid
The CITGO auction will conclude on August 18, 2025. In a sweltering summer, Venezuelans will lose the nation’s most significant asset overseas. The crown jewel of the Venezuelan state abroad has been auctioned off. CITGO… Venezuela’s Disastrous Mismanagement Leads to the Auction of CITGO, the Nation’s Most Valuable Asset in the United States