May 20, 2024

Conoco Seeks Seizure Order In $2B Venezuela Award Fight

Wikimedia retrieved

Two ConocoPhillips subsidiaries looking to enforce a $2 billion arbitral award against Venezuela are saying U. S. sanctions don’t preclude a Delaware court from issuing an attachment order over Citgo’s parent company, even as the country’s state-owned oil company dismissed those claims as a “hail Mary” argument. Full Text -> Law360

Translation/ Traducción