ESTRATEGIA TRIANGULAR en Ingles jpg

1. Delaware Court:

Selection of Amber as trustee / Citgo auction: Amber Energy (affiliated with Elliott) has submitted a bid for Citgo's parent company (PDV Holding) of approximately US$ 5.9 billion, with a collateral agreement to pay US$ 2.1 billion to the holders of the PDVSA 2020 bonds.

Formal delivery of the creation of the Qualified Settlement Fund (QSF), submitted under case file No. 1:15-cv-00912-LPS.

Challenges: Gold Reserve (one of the parties that offered more for Citgo) filed lawsuits to reject Amber's offer, accusing lack of transparency and conflict of interest.

Deadline and urgency: Amber's offer with the bonds expires in early December, putting pressure on the court to decide soon.

Dr. Garrett appeared in court on 10/20/25 to be questioned and to give instructions to the expert who will manage the QSF. Awaiting response.

2. Judge Hall's Court: 

Review of the case requesting acceptance of natural creditors under the Alter Ego doctrine. Decision pending.

3. Judge Failla’s Court:

Acceptance of Dr. Garrett's representation of the 23,000 victims of the oil holocaust, within the case of the 2020 Bonds.

Issuance of an order requesting reasons for opposition to accepting oil workers as preferred creditors under the Alter Ego.

4. Supreme Court:

Acceptance of the writ of certiorari requested by Dr. Garrett against PDVSA Ad Hoc. In progress.

5. Court of Appeals:

Motions submitted questioning malpractice by both Judge Stark and Master Pincus.

Questions regarding lack of transparency in the process and crossing out documents.

6. OFAC:

This body holds all cases filed in the various courts, as well as the challenges to the process led by Stark and Pincus.

Also includes PDVSA Ad Hoc’s omission regarding workers under the Alter Ego doctrine.

Pending Management Review: OFAC management is reviewing the response to the request.

7. IACHR:

Registration of the case of the 23,000 survivors of the PDVSA purge in Venezuela.