3rd Circuit Declines Quick Dismissal Of Venezuelan Challenge To Oil Shares Sale

Mealey's (May 6, 2021, 1:23 PM EDT) -- PHILADELPHIA — A Third Circuit U.S. Court of Appeals panel on May 3 in a one-page order said a merits panel should decide a Canadian gold miner’s motion to dismiss an appeal brought by the Bolivarian Republic of Venezuela, its state-owned oil company Petróleos de Venezuela S.A. (PDVSA) and other affiliated entities challenging a district court order that PDVSA shares owned by a Delaware holding company be auctioned off to satisfy an arbitral award worth more than $1.4 billion....