U.S. court allows Venezuela’s Guaido to argue in Crystallex case

/us-venezuela-politics-crystallex-idUSKC

  • #Venezuela : du fait des sanctions états-uniennes, le Venezuela est dans l’impossibilité de régler les indemnités d’expropriation de mines d’or. Les sociétés créancières essaient de mettre la main sur la pépite de PDVSA, sa filiale pétrolière aux É.-U. (article de décembre 2018)
    Venezuela’s deals to shield Citgo from creditors now in doubt - Reuters
    https://fr.reuters.com/article/bondsNews/idUKL1N1YG26B

    Venezuela is facing the possible unraveling of a pair of billion-dollar settlements aimed at protecting the cash-strapped country’s U.S.-based Citgo Petroleum Corp from seizure by creditors.

    A lawyer for Canadian mining company Crystallex International Corp said on Tuesday Venezuela had breached the $1.4 billion November agreement that resolved a long-running fight over an expropriated gold mine.

    Separately, Venezuela’s $1.3 billion settlement in October with Rusoro Mining of Vancouver, also over expropriated mining assets, has been upended by U.S. sanctions on Caracas, a source told Reuters.

    Venezuela’s Information Ministry did not immediately reply to a request for comment.

    Both companies had their sights on getting a U.S. court order to auction the parent company of Citgo, which is indirectly owned by Venezuela through its state oil company, PDVSA.

    • Après avoir éjecté du procès PDVSA, maison mère de Citgo, comme n’ayant pas intérêt à agir, un juge états-unien accède à la requête de Juan Guaidó en lui reconnaissant un intérêt à agir en tant que représentant légitime du Venezuela et en accordant un délai de 120 jours pour préparer l’argumentaire juridique.

      U.S. court allows Venezuela’s Guaido to argue in Crystallex case - Reuters
      https://www.reuters.com/article/us-venezuela-politics-crystallex-idUSKCN1R22C4

      In a March 20 ruling, the U.S. Court of Appeals for the Third Circuit said Guaido’s representatives could request a stay in the dispute with Crystallex, which is going after Citgo to collect on an arbitration award in compensation for Venezuela’s expropriation of a gold mining project.

      We grant the Republic of Venezuela’s motion to intervene,” Judge Thomas Ambro wrote, referring to a March 1 request by Venezuela’s lawyers for a 120-day stay to allow Guaido’s interim government “sufficient time to evaluate its position in this and other cases.