RE:RE:Conoco Besides Crystallex, companies with writs of attachment in hand are ConocoPhillips, Red Tree Investments, Siemens, O-I Glass (OI.N), Huntington Ingall Industries (HII.N), ACL1 Investments, Rusoro Mining (RML.V), two units of Koch Industries and Gold Reserve (GRZ.V).
PAYMENT PRIORITY
Delaware law concerning the enforcement of money judgments generally requires that sale proceeds be distributed according to a "first in time, first in line" priority. In this case, the court is also taking into account the unique factors of the Venezuela case.
The court has so far determined that "Crystallex is first in line." It also said the priority of any additional judgments will be based on the date on which a creditor moved for a writ of attachment, if ultimately granted.
For Conoco, the court gave the firm a position "near the front of the line" because it has participated in the litigation for years, provided valuable input and paid one third of transaction expenses. Conoco filed in 2019 for a writ of attachment, which was granted last year.