Judge Names Special Master To Plan Sale Of Venezuelan Oil Shares For $1.4B Award

Mealey's (April 15, 2021, 1:09 PM EDT) -- WILMINGTON, Del. — A Delaware federal judge on April 13 appointed a retired partner of a law firm as special master tasked with organizing the court-ordered sale of Venezuelan oil shares to satisfy a confirmed arbitral award worth more than $1.4 billion against the Bolivarian Republic of Venezuela and its state-owned oil company Petróleos de Venezuela S.A. (PDVSA) for the 2011 expropriation of a Canadian company’s investments in Venezuelan gold deposits....