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Index/Topics/Venezuelan Assets Seizure 2016

Venezuelan Assets Seizure 2016

The seizure of Venezuelan assets by Crystallex and ConocoPhillips after arbitration awards.

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Jan 6, 2026

How have Crystallex and ConocoPhillips pursued enforcement of their awards in U.S. and foreign courts?

Crystallex converted an April 2016 ICSID award into a U.S. federal judgment and pursued veil‑piercing remedies to attach PDVSA/CITGO shares in Delaware, initiating a judicial‑sale process to satisfy i...

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