Phillips Petroleum Company Venezuela Limited and ConocoPhillips Petrozuata B.V. v. Petroleos de Venezuela, S.A. et al., No. 1:21-mc-00046-LPS (D. Del. Mar. 2, 2022), D.I. 42, 43

Date issued: Mar. 02 2022

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 (531 words)

Notes:

1) Refer to comment 2(b) in Consolidated Comment on Crystallex International Corporation v. Bolivarian Republic of Venezuela (D. Del, 2017 - ), and Selected Documents Associated with the Litigation.

Pending or decided before the same judge of the District Court for the District of Delaware that decided the Crystallex case are multiple motions for writs of attachment of PDVH shares that are were after PDVSA became a blocked person (meaning that the shares are subject to the blocking prohibition prior to the issuance of a writ, unlike the Crystallex situation). The Delaware District Court, and more specifically the same judge that presides in the Crystallex case, ultimately issued multiple “conditional” writs of attachment. This was the first of the lot. See also Red Tree Investments, LLC v. Petroleos de Venezuela, S.A. (1:22-mc-00068) District Court, D. Delaware (Dkt. Apr 28,...