A federal appeals court denied a motion by a Canadian mining company to expedite an appeal of an order allowing it to seize shares of Citgo Petroleum’s parent company to enforce a $1.2 billion award against Venezuela.
Judge Luis Felipe Restrepo of the U.S. Court of Appeals for the Third Circuit ruled Wednesday that oral argument on the Petróleos de Venezuela S.A. appeal would proceed normally. Crystallex International Corp.. claimed the state-owned oil company was helping the Venezuelan government avoid the judgment.
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