Judge Orders Venezuela To Respond To Writ Of Attachment For $1.2B Arbitral Award

Mealey's (June 4, 2020, 7:59 AM EDT) -- WILMINGTON, Del. —A federal judge in Delaware on May 22 lifted the stay on attachment proceedings initiated by a Canadian gold producer against the Bolivarian Republic of Venezuela for enforcement of a $1.2 billion arbitral award and ordered Venezuela to respond to a previously issued writ of attachment after the U.S. Supreme Court denied Venezuela and its state-owned oil company’s petition for a writ of certiorari challenging the attachment (Crystallex International Corp. v. Bolivarian Republic of Venezuela, No. 17-151, D. Del.)....