Canadian mining company Crystallex has
won a court order that advances its efforts to collect on a US$1.4-billion
award linked to a dispute with Venezuela over the 2008 expropriation of the Las
Cristinas gold project. Crystallex in 2016 won an award of US$1.2 billion plus
interest from a World Bank Tribunal. In March, it won a ruling by a U.S.
District of Columbia court upholding that award, a crucial step in being able
to seize Venezuelan assets in the United States. Crystallex can now seek to
enforce the ruling in other U.S. jurisdictions, the same District of Columbia
court said in a decision dated Friday. This could allow Crystallex to seek an
attachment of assets such as Citgo, a refining and marketing subsidiary of
Venezuelan state oil company PDVSA. More…
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