3rd Circuit Affirms Attachment Of Shares To Satisfy $1.2 Billion ICSID Award

Mealey's (July 29, 2019, 3:00 PM EDT) -- PHILADELPHIA — A Third Circuit U.S. Court of Appeals panel on July 29 upheld a trial court’s issuance of a writ of attachment on the shares of Delaware corporation found to be the alter ego of the Bolivarian Republic of Venezuela to satisfy a Canadian mining company’s $1.2 billion arbitral award (Crystallex International Corporation v. Bolivarian Republic of Venezuela, et al., Nos. 18-2797 & 18-3124, 3rd Cir.)....