Crystallex Seeks Stay After Venezuela Makes $500M Payment

(November 28, 2018, 1:20 PM EST) -- WILMINGTON, Del. — A Canadian mining company on Nov. 26 filed a letter in Delaware federal court, requesting that three actions in which it seeks to enforce a $1.2 billion arbitral award be stayed until next year, submitting that the parties have reached a settlement of the dispute and that the Bolivarian Republic of Venezuela has made an initial $500 million payment pursuant to the terms of the agreement (Crystallex International Corp. v. Bolivarian Republic of Venezuela, No. 17-mc-151, D. Del.)....

Attached Documents

Related Sections