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Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

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Message: DE District Court Joint Report By KRY, Citgo, PDVSA, Venezuela

/2020 02:24 pm

Caracas.- This April 10 the Treasury Department issued a statement where it announced that once again the validity of the General License 5C was extended until July 22, which reinforces the protection of Citgo because the bondholders of the PDVSA Bond 2020 may not take any action to take control of that company."
 
On April 24th SCOTUS has a hearing re KRY.
Are these two events connected? If SCOTUS sides with KRY the Treasury department declaration is moot probably.
I think SCOTUS hearings are suspended for now.
The link below explains General License 5C. Too long to copy here.
 
 
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