Confusion over who’s in charge in Venezuela may keep Crystallex International from collecting a $1.2-billion arbitration award.
Crystallex, a bankrupt gold producer, is trying to seize shares of the US unit of Venezuela’s State-owned energy company that controls Citgo Holding . An appellate judge in Philadelphia indicated at a hearing Monday that the matter may get sent back to a lower court to revisit a 2018 decision allowing the seizure.