A U.S. federal appeals court on Monday rejected an appeal by Venezuela's st...
- A U.S. federal appeals court on Monday rejected an appeal by Venezuela’s state-owned oil company to set aside an order allowing a Canadian gold mining company to seize shares in its U.S. refining unit, Citgo Petroleum Corp.
“The District Court acted within its jurisdiction when it issued a writ of attachment on PDVSA’s shares of PDVH to satisfy Crystellex’s judgment against Venezuela, and the PDVH shares are not immune from attachment,” Judge Leonard Stark wrote, referring to PDVSA’s U.S. unit. The court had allowed arguments from lawyers representing Juan Guaido, the head of Venezuela’s opposition-controlled National Assembly. In January, Guaido invoked Venezuela’s constitution to assume an interim presidency, arguing the 2018 re-election of President Nicolas Maduro, Chavez’s Socialist protege, was illegitimate.
The decision was also a blow to investors holding PDVSA’s 2020 bond VE151299784=, for which the company had pledged half of Citgo shares as collateral. Maduro’s government had remained current on that bond even as it defaulted on most other debt.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Emmerdale's Mark Jordon accused of biting pensioner's face in pub bust-upEmmerdale star Mark Jordon arrived at Minshull Crown Court with his partner Laura Norton today
Read more »
European Court Rules In Favor Of Kraftwerk In 20 Year-Long Copyright DisputeA nearly 20-year legal battle over the unauthorized sampling of a Kraftwerk song appears to finally be at an end after the European Court of Justice ruled in favor of the pioneering German group.
Read more »
Companies using Facebook 'Like' button liable for data: EU courtCompanies that embed Facebook's 'Like' button on their websites a...
Read more »
Factbox: What do U.S. Democrats want from Mueller's grand jury evidence?The Democratic-led U.S. House Judiciary Committee asked a federal court last wee...
Read more »
Court TV Plans Live Coverage of Harvey Weinstein Rape Trial -- Plus, 37-Part O.J. Simpson DocuseriesWhile cameras will not be permitted in the courtroom for Weinstein's September trial, Court TV has a plan to be 'the only network that covers it in virtual real time.'
Read more »
Dad pleads not guilty at emotional court appearance after infant twins die in hot carThe father of 1-year-old twins who died after he said he accidentally left them in his car all day while he was at work, pleaded not guilty to charges of manslaughter and criminally negligent homicide.
Read more »