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Key Insights The considerable ownership by retail investors in Rusoro Mining indicates that they collectively have a...
The decision allows the six to move ahead with their about $3 billion in combined claims against Venezuela state oil firm PDVSA in a Delaware federal court. "For the second time in five years, we conclude that PDVSA is the alter ego of Venezuela, and we will affirm the District Court's denial of sovereign immunity to PDVSA," the three judge panel ruled.
By Marianna Parraga and Gary McWilliams HOUSTON (Reuters) -A federal court in Delaware set Oct. 23 as the start date for a long-expected auction of sh...
A federal court in Delaware set Oct. 23 as the start date for a long-expected auction of shares in Venezuela-owned refiner Citgo Petroleum's parent to pay creditors with judgments against the South...
HOUSTON (Reuters) -A U.S. court set Oct. 23 as the start date for a long-expected auction of shares in Venezuela-owned refiner Citgo Petroleum's parent to pay creditors with judgments against the South American nation. The sale process lays out a schedule that could lead to formal approval of any sale of shares in PDV Holding, a U.S.-based unit of state company Petróleos de Venezuela, a year from now. U.S. Judge Leonard Stark in Delaware this week accepted a recommendation by a court official in charge of organizing the auction.