In a joint report, Rusoro Mining Ltd. and Gold Reserve Ltd. informed the Delaware Court overseeing the CITGO auction about their disagreement regarding the timing and appropriate forum for the claims presented by the latter… Rusoro Mining and Gold Reserve Clash Over Jurisdiction in CITGO Auction Dispute Amidst Legal Controversy
Through an oral order, the Delaware Court warned that the final recommendation from the court-appointed expert in the CITGO auction does not automatically reject all objections raised by the parties from Venezuela regarding specific clauses… Delaware Court Clarifies Peritos and Amber Energy’s Influence on CITGO Auction Objections from Venezuela
A New York court order has temporarily halted the issuance of the final ruling concerning the collateral agreement of shares from PDV Holding Inc., until after the New York court selects the winning bidder for… New York Court Delays Judgment on PDV Holding Collateral Until CITGO Auction Results Are Announced
The request to dismiss the judicial expert in the CITGO auction, presented to the Delaware Court by the parties from Venezuela and Gold Reserve, was not successful, as the presiding judge denied the motions requesting… Delaware Court Upholds Controversial Expert in CITGO Auction Despite Venezuela and Gold Reserve’s Attempts to Disqualify
Every day, the CITGO auction becomes more complicated, this time due to a lawsuit by Gold Reserve against Rusoro Mining Ltd to prevent it from participating in the sale, prompting the latter to ask the… CITGO Auction in Jeopardy as Gold Reserve Launches Legal Maneuver Against Rusoro Mining’s Participation in Sale Process
Immediate removal of the judicial expert in the CITGO auction, Robert B. Pincus, is essential, along with restarting the sale of the shares of PDV Holding Inc. This was reiterated by the parties from Venezuela… Venezuela Demands Immediate Removal of CITGO Auction Expert for Serious Conflicts of Interest and Calls for Restart of Sale Process
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
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
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
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
Amid the hectic process of the CITGO auction, Horacio Medina, president of the Ad Hoc Administrative Board of PDVSA, assured that the funds from the Venezuelan refinery in the United States were not used to… CITGO Auction: Horacio Medina Accuses Interin Government of Misusing Refinery Funds for Political Gain
Black Lion Capital Advisors emphatically stated that neither Juan Guaidó, leading the interim government, nor Carlos Jordá, CEO of the refinery, nor Horacio Medina, president of the Ad Hoc Administrative Board of PDVSA, acted diligently… Albemarle Capital accuses Guaidó, Jordá, and Medina of negligence in preventing CITGO auction
The report from court-appointed expert Robert B. Pincus regarding the CITGO auction, submitted to the U.S. District Court for the District of Delaware, covering the period from March 1 to June 30, 2025, outlines a… CITGO Auction Report Reveals Over USD 12 Million in Controversial Expenses Amid Ongoing Legal Battles
Judge Leonard P. Stark denied Leroy A. Garrett a set of motions aimed at requesting reconsideration, expedited review, a pre-hearing conference, investigation, increased transparency, and a temporary stay of the CITGO auction. The order was… Court Rejects Leroy Garrett’s Motions for Transparency and Suspension of CITGO Auction Amid Ongoing Legal Battle