Creditors Say High Court Need Not Review Venezuela, Oil Company’s Alter-Ego Status

(November 14, 2023, 12:22 PM EST) -- WASHINGTON, D.C. — Six creditors urge the U.S. Supreme Court not to grant a petition for a writ of certiorari filed by the Bolivarian Republic of Venezuela and its state-owned oil company Petróleos de Venezuela S.A. (PDVSA), writing in an opposition brief that the Third Circuit U.S. Court of Appeals correctly found for the second time that the parties are alter egos and lack sovereign immunity from a planned auction of oil shares to enforce arbitral awards worth nearly $3 billion....