Welcome to the Crystallex HUB on AGORACOM

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




Tuesday, November 26, 2019
148   utility Remark Tue 11/26 4:21 PM
Remark: Given recent developments in and affecting these matters - including OFAC's amendments to 31 C.F.R. Part 591 (see Dep't of Treasury, Off. of Foreign Assets Control, Venezuela Sanctions Regulations, 84 Fed. Reg. 64,415 (Nov. 22, 2019)); the Third Circuit's denial of the petitions for rehearing (see Order Sur Pet'n for Reh'g, Nos. 18-2797 & 18-3124 (3d Cir. Nov. 21, 2019)); the Southern District of New York's grant of motions to transfer venue to the District of Columbia to enforce arbitration awards (see Greentech Energy Sys. A/S v. Italian Republic, Case No. 19-cv-04398-LLS, D.I. 23 (S.D.N.Y. Nov. 8, 2019); CEF Energia, B.V. v. Italian Republic, Case No. 19-cv-09153-LLS, D.I. 13 (S.D.N.Y. Nov. 8, 2019)); and the related letters filed in 17-mc-00151-LPS (D.I. 146, 147), 18-cv-01963-LPS (D.I. 33), and 19-mc-00290-LPS (D.I. 20) - the Court requires additional time to determine how to proceed. The Court's current expectation is to provide the parties with an update by no later than on or about December 10, 2019. Associated Cases: 1:15-cv-01082-LPS et al. (ntl)
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