ConocoPhillips, Venezuelan Entities Dispute Effect Of DUFTA Ruling In Crystallex

(February 23, 2018, 12:05 PM EST) -- WILMINGTON, Del. — Various ConocoPhillips entities and the national oil company of Venezuela on Feb. 20 filed a joint letter in Delaware federal court, submitting arguments over whether a recent appellate court ruling should result in the dismissal of the oil company’s claims that the Venezuelan entities violated the Delaware Uniform Fraudulent Transfer Act (DUFTA) by fraudulently transferring assets in an attempt to avoid paying potential arbitral awards or whether amended complaints should be considered (ConocoPhillips Petrozuata B.V., et al. v. Petróleos de Venezuela S.A., et al., Nos. 16-904 and 17-00028, D. Del.)....

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