Mining Co. Owed $1.4B Wants Venezuela To Stop Hiding Assets

Canadian mining company Crystallex International Corp. on Monday urged a Delaware federal court to keep the Venezuelan government from depleting the assets of its state-owned oil company, as the miner attempts to recover a $1.4 billion arbitral award. Petróleos de Venezuela, S.A. and a subsidiary have transferred $2.8 billion out of the United States in an effort to shield assets from lenders and judgment creditors and will continue to dissipate those assets if the court holds off on issuing an injunction until the conclusion of the trial More…