Court: US District Court for District of Delaware
Delaware court to overhaul Citgo sale process
The Delaware court overseeing the auction of Venezuela’s US refinery business Citgo Petroleum is set to overhaul the process after the country’s arbitral creditors refused to support a proposed US$7 billion sale.
02 December 2024
Walgreens challenges billion-dollar award over covid tests
US pharmacy chain Walgreens has challenged a US$988 million award in a dispute over covid-19 testing – alleging the sole arbitrator exceeded his authority and was biased because of a “devastating family tragedy”.
27 March 2024
US sanctions agency gives nod to Venezuelan asset sale
The US government agency that administers economic sanctions has indicated it does not oppose the court-supervised auction of an interest in a US refinery business owned by Venezuela’s national oil and gas company PDVSA to pay the state’s creditors.
02 May 2023
Chinese biotech company declares win in antibody dispute
A China-based biotech company says it has defeated a damages claim worth more than US$200 million in an ICC case over a collaboration to develop cancer-fighting antibodies.
25 April 2023