Restructuring & insolvency

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

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.

Creditors seek liquidation over US receivership in Chilean suspected fraud case

Creditors of a Miami-based affiliate of Chilean investment management firm Onix Capital have applied to a Florida district court for permission to file an involuntary liquidation petition against the US company, just days after the court appointed a receiver over its assets.