There is an ongoing battle in a Delaware federal court over control of Citgo Petroleum, the Houston-based refiner widely regarded as the crown jewel of Venezuela’s foreign assets. In late November, Amber Energy, an affiliate of Paul Singer’s hedge fund Elliott Management, won a court-supervised auction for Citgo’s parent company, PDV Holding. However, Gold Reserve, … Continue reading If These Conflict Allegations Hold, the Citgo Auction Is Legally Unsalvageable