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Mealeys

Mealey's Litigation Procedure - Stay In $1.2B Arbitration Dispute Will Be Lifted If Supreme Court Delay Requested

WILMINGTON, Del. - A Delaware federal judge on Jan. 28 partly granted a gold producer's motion for modification of a stay granted in pending case involving a $1.2 billion international arbitration award against the Bolivarian Republic of Venezuela and associated entities, modifying the stay to include the condition that it will be lifted if Venezuela seeks an extension from the U.S. Supreme Court for more time to file its petition for a writ of certiorari (Crystallex International Corp. v. Bolivarian Republic of Venezuela, No. 17-mc-151, D. Del.).
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