3rd Circuit Grants Venezuela Extension In $5.8B Oil Shares Auction Appeal

( June 22, 2026, 11:40 AM EDT) -- PHILADELPHIA — The Third Circuit U.S. Court of Appeals granted a request by the Bolivarian Republic of Venezuela, appearing with new counsel, to postpone by 60 days oral argument in a pending appeal brought by it, its affiliates and losing bidders of a Delaware federal court’s order approving a more than $5.8 billion bid for Venezuela’s oil shares located in the United States, which the court is auctioning off to enforce confirmed arbitral awards and Venezuela’s bond debts....