Ambro wrote that Guaido's team had until April 3 to present
its argument for a stay, and Crystallex would have until April 10 to respond. The
move comes after a Florida judge earlier this month threw out a PDVSA lawsuit
against oil trading companies in a bid-rigging scheme that yielded billions of
dollars in illicit gains. The case was brought by a U.S. litigation trust,
which would have received a portion of any award, along with PDVSA. The judge
ruled that the trust lacked standing to sue, since it had been declared invalid
by the opposition-run National Assembly, "the only governing body in
Venezuela recognized by the United States." More… 
Friday, March 22, 2019
U.S. Court Allows Venezuela's Guaido to Argue in Crystallex Case
Ambro wrote that Guaido's team had until April 3 to present
its argument for a stay, and Crystallex would have until April 10 to respond. The
move comes after a Florida judge earlier this month threw out a PDVSA lawsuit
against oil trading companies in a bid-rigging scheme that yielded billions of
dollars in illicit gains. The case was brought by a U.S. litigation trust,
which would have received a portion of any award, along with PDVSA. The judge
ruled that the trust lacked standing to sue, since it had been declared invalid
by the opposition-run National Assembly, "the only governing body in
Venezuela recognized by the United States." More… 
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