Law360 (January 19, 2021, 4:08 PM EST) – On January 14, US District Judge Leonard Stark of the US District Court for the Delaware District authorized Crystallex International Corp. preparing for the sale of Citgo Petroleum Corp. The Venezuelan parent company will be overseen by a special master appointed by the court to enforce his $ 1.2 billion judgment against Venezuela for illegally confiscating his gold mine operation contract.
But Crystallex is not free at home. He must still obtain a license from the U.S. Treasury Department to Control Foreign Assets before consummating the sale because of the Trump administration’s sanctions imposed on Venezuela. And so, there is a story of …
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