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Strategies & Market Trends : World Outlook -- Ignore unavailable to you. Want to Upgrade?


To: John Carragher who wrote (49778)12/23/2025 5:29:44 PM
From: Les H  Respond to of 49876
 
The US obtained a judgment in the courts to seize Venezuelan oil assets by recognizing the unelected government of Guaidó to satisfy the claims made against the Venezuelan government.

Guaido Alter-Ego Law
The legal framework surrounding the alter-ego doctrine in the context of Guaidó's administration is complex and involves several legal precedents. The doctrine allows creditors to attach assets of a foreign state's instrumentality, such as PDVSA, to satisfy judgments against the state itself. In the case of Crystallex International Corporation v. Bolivarian Republic of Venezuela, the court found that PDVSA was the alter ego of the Republic of Venezuela, allowing creditors to attach PDVSA's shares in a U.S. subsidiary to satisfy their judgments against Venezuela. This ruling has significant implications for the management of foreign assets and the enforcement of international arbitration awards.

Venezuelan Opposition Mismanagement Strikes Blow to CITGO - Venezuelanalysis