Post by
slappyjo on Nov 28, 2023 4:01pm
Court update
Petrleos de Venezuela, S.A. (“PDVSA) writes to inform the Court, consistent with this Court’s July 17, 2023 Memorandum Order (D.I. 644), that a hearing was held on November 21, 2023, in Petrleos de Venezuela, S.A. v. PDV Holding, Inc., C.A. No. 2023-0778-PAF (Del. Ch.). In the hearing, the Chancery Court confirmed that PDV Holding, Inc. (“PDVH”) had complied with the Chancery Court’s Order by publishing notices to notify potential third parties who claim an interest in the shares of PDVH that their claimed interest in the share may be affected by the outcome of the Chancery proceeding. Further, the Chancery Court noted that no third parties appeared at the hearing to claim an interest in the PDVH shares or filed any such claims with the Chancery Court. The Chancery Court took the matter under advisement.
Comment by
helpful1 on Dec 07, 2023 3:07pm
Thanks for your post so what do see happening Jan 22nd/2024. How well will fare regarding the auction of CITGO. We are one of the creditors.