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Crystallex International Corp. v. PDV Holding Inc.
Case Number:
1:15-cv-01082
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December 12, 2019
Crystallex Bid To Enforce $1.4B Venezuela Award Put On Ice
A Delaware federal judge on Thursday paused efforts by Crystallex to enforce an arbitral award against Venezuela now worth some $1.4 billion, citing a litany of reasons, including U.S. sanctions and the "greater-than-usual" possibility that the U.S. Supreme Court may take up the case.
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November 26, 2018
Crystallex, Venezuela Ink Deal Over $1.2B Award
Crystallex International Corp. has reached a deal with Venezuela and will temporarily halt efforts to enforce a $1.2 billion arbitration award issued after the financially troubled nation expropriated its mining investments, saying Monday that it's already pocketed $500 million in cash and liquid securities.
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January 11, 2018
Crystallex Seeks 3rd Circ. Redo In $1.4B Venezuela Mine Row
Canadian mining company Crystallex said Wednesday it will ask the Third Circuit to reconsider a ruling that it cannot sue the Delaware subsidiary of Venezuela's national oil company to collect a $1.39 billion arbitral award over a canceled mining contract, saying lower courts are split on whether the subsidiary was wrongly targeted.
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May 08, 2017
Crystallex To Fight PDVSA's Escape From $1.4B Arbitral Row
Days after Canadian mining company Crystallex saw Venezuela's state-owned oil company dismissed from its suit seeking to stop the South American company from evading a $1.4 billion arbitral award, Crystallex told a Delaware federal judge Friday that it will allege that the oil company has sufficient U.S. contacts to merit jurisdiction.
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May 01, 2017
PDVSA Excused From Crystallex's $1.4B Arbitral Claim
A federal judge dismissed Venezuela's state-owned oil company from Canadian mining company Crystallex's lawsuit seeking to stop it from shifting assets away out of U.S. subsidiaries to evade a $1.4 billion arbitral award, finding the court lacked personal jurisdiction over the South American company.
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April 11, 2017
Miner Owed $1.4B Wants Venezuela To Stop Hiding Assets
Canadian mining company Crystallex International Corp. on Monday urged a Delaware federal court to keep the Venezuelan government from depleting the assets of its state-owned oil company, as the miner attempts to recover a $1.4 billion arbitral award.
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March 30, 2017
Crystallex Fears Venezuela Oil Co. Dodging $1.4B Award
Canadian mining company Crystallex has pushed a Delaware federal judge for timely discovery in the case to enforce a newly confirmed $1.4 billion award against Venezuela's state-owned oil company for confiscating its gold mine investment, saying the company's U.S. intermediary was moving money out of reach.
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December 20, 2016
New Venezuela Moves Possible In $3B Crystallex Suit
An attorney for a U.S. affiliate of Venezuela's national oil company said Tuesday that a Delaware federal court cannot stop shifts of affiliate funds out of America before the resolution of disputes over a $2.8 billion fraudulent transfer claim and pending damage judgments against the firm.
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December 02, 2016
Crystallex Says Venezuela Oil Co. Stalling Over $1.4B Award
A Canadian mining company that accuses Venezuela’s state-owned oil company of using sham bond transactions to help its owner avoid a $1.4 billion arbitral award urged a Delaware federal judge on Thursday to block the company from appealing his decision, saying there’s no reason to slow down the case.
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October 31, 2016
Miner Sues Over Citgo Bond Swap, Faces Another Appeal
Crystallex International Corp. sued a U.S. unit of state-owned oil giant Petroleos de Venezuela SA in Delaware federal court on Friday over a bond swap with PDVSA's creditors whose terms Crystallex said fraudulently hinder its effort to wring a $1.4 billion arbitral award out of Venezuela.