Reficar requests freezing of CB&I assets in the United States

Cartagena Refinery requested before A Federal judge in New York Confirmation of the arbitration award to enable its enforcement in the United States, the principal place of business of McDermott, the parent company of CB&I.

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In the confirmation process, the cancellation of the award requested by CB&I, which was the initial originator of Reficar, is also being discussed.

In September 2023, McDermott (the parent company of CB&I) announced the activation of liability restructuring processes before the UK and Netherlands courts.This is with the aim of canceling the existing debts to the Cartagena Refinery and the Comptroller General of the Republic.

(Revicar increased its production to 200,000 barrels of crude oil per day).

Because of the above, Revelli A request for preventive measures before a federal judge in New York, with the aim of ordering the freezing of certain assets of CB&I Bank, as well as the presentation of documents that would allow the financial reality of CB&I Bank to be determined.

In addition, before a judge in Houston, Texas, he requested testimony from McDermott’s directors as well as a documentary exhibit of that entity.

(Ecopetrol is awaiting a payment plan for the REVICAR award.)

Reficar confirmed that the financial restructuring plans announced McDermott International It constitutes an artificial maneuver aimed at ignoring a binding ruling issued by the world’s highest court in commercial arbitration matters.

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