Courtsy of CITGO
Today, PDV Holding, CITGO Holding, and CITGO Petroleum secured a swift and unanimous victory in the Delaware Supreme Court in the matter of Jimenez v. Palacios. The boards of these three entities were reconstituted in 2019, after the United States formally recognized Interim President of Venezuela, Juan Guaidó, and the Venezuelan National Assembly appointed an Ad Hoc Board of Petróleos de Venezuela, S.A. (PDVSA), Venezuela’s state-owned oil company, which was empowered to manage its U.S.-based subsidiaries. Full Text-> CISION-PRNewsWire
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