CITGO Petroleum Headquarters in Houston, TX. Credit: JHVEPhoto/Adobe Stock U.S. Court Postpones Citgo Bid Hearing Until September as Venezuela Gets Close to Losing Oil Refiner
Companies owed more than $21 billion have sought the sale of Venezuela's U.S. refining unit, Citgo, to satisfy unpaid arbitration claims. The case has charted new legal territory for enforcement of international arbitration awards, while also penetrating the walls of sovereign and corporate immunity.
July 10, 2024 at 04:28 PM
3 minute read
Litigation
A Delaware court has delayed until September a much-anticipated hearing to determine the winning bid for a Venezuela-owned refining company.
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