Judge Grants Venezuela’s Motion To Extend Bidding Period For Oil Shares Auction

( June 2, 2025, 1:27 PM EDT) -- WILMINGTON, Del. — The judge overseeing the planned auction of the Bolivarian Republic of Venezuela’s oil shares in Delaware federal court to satisfy confirmed arbitral awards and civil judgments worth billions of dollars on May 30 granted a motion by Venezuela and affiliates to extend the “topping period” by 21 days to allow “new groups of bidders” to participate, with a sale hearing in the long-running case set for the end of July....

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