Houston, June 17, 2020 – Today, PDV Holding (PDVH) together with CITGO Petroleum Corporation (CITGO), and the Guaidó controlled Petróleos de Venezuela, S.A. (PDVSA) filed a motion to quash the writ of attachment, issued to PDVH on August 24, 2018, pursuant to Federal Rule of Civil Procedure 69(a) and Section 324 of Title 8 of the Delaware Code.
The filing describes the two reasons Delaware law does not permit attachment of the shares and must be quashed.
Additionally, the Bolivarian Republic of Venezuela and PDVSA submitted a motion for relief under Federal Rule of Civil Procedure 60(b) from the Court’s orders dated August 9 and August 23, 2018. With regard to the Court’s decision that the Foreign Sovereign Immunity Act did not protect PDVSA and the shares of PDV Holding, Inc. in this matter, the motion asserts that “[n]either predicate for this Court’s judgment holds true any longer.” The motion was filed in the United States District Court for the District of Delaware.