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CRYSTALLEX INTERN v. PETRÓLEOS DE VENEZUELA, S.A.

Nos. 16-4012 & 17-1439.

879 F.3d 79 (2018)

CRYSTALLEX INTERNATIONAL CORP. v. PETRÓLEOS DE VENEZUELA, S.A.; PDV Holding, Inc.; and CITGO Holding, Inc., f/k/a PDV America, Inc. PDV Holding Inc., Appellant.

United States Court of Appeals, Third Circuit.

Opinion filed: January 3, 2018.

Attorney(s) appearing for the Case

[ARGUED], Nathan P. Eimer , Lisa S. Meyer , Elmer Stahl LLP, 224 South Michigan Avenue, Suite 1100, Chicago, IL 60604, Kenneth J. Nachbar , Morris, Nichols, Arsht & Tunnell LLP, 1201 North Market Street, Wilmington, DE 19801, Counsel for Appellant PDV Holding, Inc.

[ARGUED], Robert L. Weigel , Jason W. Myatt , Rahim Moloo , Gibson, Dunn & Crutcher LLP, 200 Park Avenue, 47th Floor, New York, NY 10166, Raymond J. DiCamillo , Jeffrey L. Moyer , Travis S. Hunter , Richards, Layton & Finger, P.A., One Rodney Square, 920 North King Street, Wilmington, DE 19801, Counsel for Appellee Crystallex International Corp.

Before: VANASKIE, RENDELL, and FUENTES, Circuit Judges

OPINION

At first glance this case appears exceedingly complex — with its tangle of debtors, creditors, parents, subsidiaries, alter egos, and complex international corporate transactions. But when one cuts through this morass, the question at the center of this case is quite simple: can a transfer by a non...

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