The CITGO auction process continues to reveal valuable information, including the communication from Phillips Petroleum Company Venezuela Limited and ConocoPhillips Petrozuata B.V. to the First Circuit Court of Appeals informing that they received an additional… ConocoPhillips Exposes Additional Compensation Amid Controversial CITGO Auction Developments
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
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
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 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
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
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 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 CITGO auction is progressing towards the sale hearing scheduled for September 2025, based on a proposed timeline by the court-appointed expert, Robert B. Pincus, who largely has the support of most stakeholders. However, any… CITGO Auction Moves Forward Amidst Contentious Disputes and Potential Roadblocks to Sale Proceedings