Judge Overrules Objections To CITGO Auction To Enforce Award Against Venezuela

(July 21, 2023, 8:03 AM EDT) -- WILMINGTON, Del. — A Delaware federal judge overruled remaining objections to a planned auction of the Bolivarian Republic of Venezuela’s holdings in CITGO Petroleum Corp. to enforce an arbitral award worth more than $1.4 billion against it for expropriating gold mines, calling Venezuela’s objections to the auction “utterly unpersuasive” and setting a tentative launch date for marketing of the auction on Oct. 23....

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