OI European Group BV v Venezuela - United States District Court District of Delaware Case No 19-290 - Opinion - 27 March 2023
Country
Year
2023
Summary
The Court has before it multiple judgment creditors of the Bolivarian Republic of Venezuela ("Venezuela" or "Republic") who are seeking to collect on their judgments through property Venezuela holds in this District. Specifically, Venezuela is the 100% owner of Petr6leos de Venezuela, S.A. ("PDVSA"), which in turn owns 100% of PDV Holding, Inc. ("PDVH"), which itself owns 100% of CITGO Holding, Inc., which in turn owns CITGO Petroleum Corp. ("CITGO").