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Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

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ifeelyellow

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Citgo and Crystallex - Subscription required.

posted on Feb 05, 2016 12:41AM

Citgo Says It Doesn't Belong In Venezuela Arbitration Fight

By Jack Newsham

Law360, New York (February 4, 2016, 7:31 PM ET) -- Citgo, the U.S. oil refiner owned by Venezuela’s government, asked a Delaware federal judge Wednesday to toss a Canadian gold miner’s suit that seeks to enforce a potential arbitral award against the South American country for allegedly stealing billions of dollars’ worth of mining rights.

Citgo Holding Inc. and its U.S. parent PDV Holding Inc. said mining company Crystallex International Corp. can’t sue for fraudulent transfer under Delaware law because they don’t owe the gold company anything in a related arbitration. Crystallex’s requests to force Venezuelan...http://www.law360.com/articles/755333/citgo-says-it-doesn-t-belong-in-venezuela-arbitration-fight

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