Crystallex International Corporation v. Bolivarian Republic of Venezuela (1:17-mc-00151-LPS, Dkt. 234) (D. Del) (2021)

Date issued: Jan. 14 2021

Last substantive commentary amendment:
May. 01 2023

You've hit a wall. Sign in if you have an account, learn more about TURBOFAC and subscription options, or purchase access to the text of the document on this page, the native .pdf file, and the associated TURBOFAC original commentary.

TURBOFAC Commentary (129 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 3). The opinion is notable for its decision to order the taking of "prefatory steps" toward the judicial sale of blocked shares (notwithstanding FAQ # 809 and over the objection of the USG).

See section 0.1 of Consolidated Comment on Crystallex International Corporation v. Bolivarian Republic of Venezuela (D. Del, 2017 - ), and Selected Documents Associated with the Litigation, for discussion of the USG's articulation of its position on this and other orders. In short, OFAC appears to take the position that, in principle, this order was not consistent with OFAC's regulations.