Venezuela Urges High Court To Review Alter Ego Liability Before Oil Shares Auction

(August 28, 2023, 9:49 AM EDT) -- WASHINGTON, D.C. — The Bolivarian Republic of Venezuela and its state-owned oil company Petróleos de Venezuela S.A. (PDVSA) petitioned the U.S. Supreme Court for a writ of certiorari, urging it to review a Third Circuit U.S. Court of Appeals ruling affirming the denial of their sovereign immunity from a planned auction of their oil shares to enforce arbitral awards worth more than $2.7 billion....