CARACAS, Venezuela | Judge: Canadian firm can go after Venezuela’s US refineries

9Aug - by Editor - 0 - In STL.News



CARACAS, Venezuela — A Canadian gold mining company on Thursday won the right to go after Venezuela’s prized U.S.-based oil refineries and collect $1.4 billion it lost in a decade-old take-over by the late socialist President Hugo Chavez.
Chief Judge Leonard P. Stark of the U.S. Federal District Court in Delaware made the ruling in favor of Crystallex, striking a blow to crisis-wracked Venezuela, which stands to lose its most valuable asset outside of the country — Citgo.

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