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A Venezuelan government-owned oil company has failed to shake a lawsuit that resulted in a $1.4 billion judgment against it over its expropriation of a Canadian company's gold deposits.
July 29, 2019 at 04:19 PM
1 minute read
The original version of this story was published on Delaware Law Weekly
A Venezuelan government-owned oil company has failed to shake a lawsuit that resulted in a $1.4 billion judgment against it over its expropriation of a Canadian company’s gold deposits.
The U.S. Court of Appeals for the Third Circuit on Monday affirmed a Delaware federal judge’s order allowing plaintiff Crystallex International Corp.’s collection efforts to move forward against Venezuela and Petróleos de Venezuela S.A., or PDVSA, a Venezuelan state-owned oil company.
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