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The court-mandated sale of Venezuelan refiner CITGO is facing obstacles from parallel lawsuits as some claimants try to "jump the line." The “special master” overseeing the auction has requested that creditors be barred from pursuing separate court claims. Read the report: https://venezuelanalysis.com/news/venezuela-parallel-lawsuits-controversial-terms-entangle-citgo-sale/ #CITGO#Sanctions#VultureFunds

The $7.3 billion offer from the notorious vulture hedge fund falls significantly short of the CITGO's valuation. The process may still face delays and challenges from parallel lawsuits. Read the report: https://venezuelanalysis.com/news/venezuela-vulture-fund-elliott-chosen-as-winner-of-citgo-court-mandated-auction/ #CITGO#VultureFunds#Sanctions

📰 NEWS | Court Official Endorses Elliott Management Over Gold Reserve in Mandated Sale of Venezuela’s CITGO Vulture fund Elliott Management is in pole position to acquire Venezuela's US-based refiner CITGO after its bid was recommended by the auction's "special master." Canadian miner Gold Reserve has vowed to "vigorously object." The sale hearing is scheduled for September 15. 🔗 Read the full report: https://venezuelanalysis.com/news/court-official-endorses-elliott-management-over-gold-reserve-in-mandated-sale-of-venezuelas-citgo/ #CITGO#VultureFunds#GoldReserve#Sanctions