The judicial expert assigned by the Delaware Court to oversee the CITGO auction, Robert B. Pincus, recommended Red Tree Investments as the primary bidder for the purchase of PDV Holding, despite its lowball offer, which… CITGO Auction Controversy: Judicial Expert Recommends Red Tree Investments as Main Bidder Despite Low Offer, Provoking Investor Protests
The CITGO auction process continues, with various parties involved taking actions to meet their interests. One of the parties, ConocoPhillips and its subsidiary companies, has voluntarily dismissed the lawsuit that had been filed against those… ConocoPhillips Withdraws Lawsuit Against PDVSA Creditors Amid CITGO Auction Process
A new chapter unfolds in the extensive saga surrounding the CITGO auction, as a wave of lawsuits against Venezuela and Petróleos de Venezuela S.A. expands with a new case filed by Hong Kong-based Asia Genius… CITGO Auction: Asia Genius Pursues $131 Million Arbitral Award Against Bariven and PDVSA in Delaware Court
The CITGO auction process is unfolding with intense battles, including the high-stakes conflict between Siemens Energy Inc. and PDV Holding Inc. The former seeks to satisfy a hefty court ruling in its favor, while the… CITGO Auction: Siemens Energy and PDV Holding Clash in High-Stakes Texas Court Battle
The CITGO auction process is underway, with one of the latest actions being the bid presented to United States District Judge Leonard P. Stark of the District of Delaware, regulating the sale, for USD 12,000,000,000… CITGO Auction: Murzuq Oil’s $12 Billion Bid by Libyan Ex-Combatant for Venezuelan Refinery