Venezuelan Entities Again Appeal Asset Auction To Pay $1.4B Award To 3rd Circuit

Mealey's (April 5, 2022, 1:19 PM EDT) -- WILMINGTON, Del. — The Bolivarian Republic of Venezuela and three affiliated entities on April 1 filed notice of appeal to the Third Circuit U.S. Court of Appeals challenging a Delaware federal judge’s ruling allowing a special master to prepare for an auction of their oil assets to pay off an arbitral award without a U.S. Office of Foreign Assets Control (OFAC) license, which is required before any sale due to U.S. sanctions....