July 25, 2024

PDVSA Wants Court To Quash Subpoena Of Its Chairperson

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PDVSA has urged a Delaware federal judge to quash a subpoena issued against its chairperson, accusing an Owens-Illinois Inc. subsidiary of launching a “fishing expedition in an attempt to establish jurisdiction” amid a pending question of the state-owned company’s sovereign immunity protections. OI European Group BV is one of many companies trying to seize shares of Citgo, a subsidiary of Petróleos de Venezuela SA that is commonly called the “foreign crown jewel” of Venezuela oil. Full Text -> Law360

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