Judge Bars Double Recovery To Award-Creditor As Venezuelan Oil Share Auction Looms

(April 26, 2024, 1:37 PM EDT) -- WILMINGTON, Del. — A federal judge in Delaware on April 25 issued an order granting a special master’s motion to clarify judgments that will be enforced at a planned auction of Venezuela’s state-owned oil company’s assets, in which creditors will seek to enforce an estimated $24 billion in judgments, writing that companies that have partly enforced judgments for the same damages will not “receive a double recovery.”...

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