August 21, 2018
Recent moves by Venezuela’s more aggressive judgment creditors have taken square aim at the country’s most prized overseas asset, the US-based oil services and refinery company Citgo Petroleum Corporation, by attempting to seize a majority stake in one of its parents. In a review of the latest developments in federal court with the Wall Street Journal’s Chinese international edition, Jay Auslander, a partner in the firm’s litigation group, emphasizes the very awkward position in which Citgo now finds itself.
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