Crystallex Int'l Corp. v. Bolivarian Republic of Venez., 333 F. Supp. 3d 380 (D. Del. 2018) [(1:17-mc-00151-LPS, Dkt. 83)]

Date issued: Aug. 09 2018

Last substantive commentary amendment:
May. 01 2023

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TURBOFAC Commentary (144 words)

Notes:

1) For comments on this opinion in the broader context of the complex litigation of which it one of many, see Consolidated Comment on Crystallex International Corporation v. Bolivarian Republic of Venezuela (D. Del, 2017 - ) (particularly section 2(a)). The opinion is notable for its issuance of a writ of attachment focusing on equity shares subject to the prohibition of section 1(a)(iii) of EO 13835 (but not any blocking prohibition). OFAC has, as of 5-5-23, not questioned the validity of this writ, and Case No. VENEZUELA-EO13884-2023-1057131-1, License No. VENEZUELA-EO13884-2023-1057131-1 suggests that OFAC views the writ as valid notwithstanding that FAQ # 595 states that a license would "likely" be required for the issuance of shares subject to section 1(a)(iii) of EO 13835. See comments to FAQ # 595 for more detail.