Canada's Crystallex seeks PDVSA injunction to stop assets leaving the US

Canada's Crystallex seeks PDVSA injunction to stop assets leaving the US The loss of the Venezuelan contract had left Crystallex unable to pay debts of over US$100 million , iStock.com/bodnarchuk

Canadian gold miner Crystallex has asked a Delaware court to prevent Venezuelan state-owned oil company PDVSA from draining funds out of its largest US subsidiary, in the hope it can satisfy a US$1.4 billion arbitral award that is vital to the success of its restructuring in Canada.

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