Creditor fails to attach DRC oil payments in US

Kyriaki Karadelis Tuesday, 18 March 2014 (over 2 years ago)

A US court has blocked a distressed-debt fund from using oil tax revenues held by a subsidiary of Chevron to satisfy two awards against the Democratic Republic of the Congo worth US$100 million.

An oil rig offshore the DRC

An oil rig offshore the DRC

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