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 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 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 battle for the future of CITGO Petroleum, a subsidiary of PDVSA and the seventh-largest refinery in the United States, has reached a critical phase. Federal Judge Leonard P. Stark has authorized judicial officer Robert… CITGO Auction Reopened Amid Controversial Bidding as Venezuela Faces Debt Crisis
The back-and-forth regarding the CITGO auction continues as Black Lion Capital Advisors responds to objections raised by Gold Reserve and Red Tree/Albemarle, deeming them improper. The objections focus on the valuation and the bidding process… Black Lion Capital Accuses Judicial Impropriety in CITGO Auction Disqualification
The CITGO auction continuously makes headlines, particularly with the detailed evaluation of Black Lion Capital‘s offer to acquire 100% of the shares of CITGO owned by PDV Holding (PDVH), highlighted by Albemarle Capital, which warns… Albemarle Capital Accuses Black Lion of Undervaluing CITGO Amid Controversial Auction
The CITGO auction has turned the Delaware Court into a bustling hub where, day by day, the court clerk is inundated with motions, requests, and various claims. Recently, these have included requests to suspend the… CITGO Auction Crisis Unfolds in Delaware Court Amid Allegations of Judicial Misconduct and Workers’ Rights Violations
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
In the CITGO auction process, a group of bondholders from PDVSA 2020 challenges before the Delaware Court the position of PDV Holding Inc. (PDVH) and the Bolivarian Republic of Venezuela, subsidiaries of PDVSA that accuse… CITGO Auction Controversy: PDVSA 2020 Bondholders Defend Against PDVH and Venezuela’s Allegations of Undue Influence