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
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
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 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
In the CITGO auction process, the Venezuelan Parties, namely PDVH, CITGO, PDVSA, and the Bolivarian Republic of Venezuela, objected to the final recommendation made by judicial expert Robert Pincus on July 2, 2025, which they… Venezuelan Parties Demand Rejection of “Grossly Inadequate” CITGO Auction Recommendation Amid Serious Allegations of Process Flaws and Bias
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
Breaking away from the trend that has dominated other U.S. courts in recent years, the New York Court dismissed the alter ego theory to hold PDV Holding liable for PDVSA’s debts. Judge Jed S. Rakoff… New York Court Rejects Alter Ego Argument, Shields PDV Holding from PDVSA’s Debt Accountability
In the CITGO auction process, laid-off workers from PDVSA are seeking explanations from judicial expert Robert Pincus regarding how the rights of these dismissed workers will be addressed during the sale. United under the Non-Governmental… Petroamigos Demand Answers on Treatment of PDVSA Workers’ Rights Amid CITGO Auction Controversy
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