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Act No. 7730 — An Act appropriating $1,000,000, to the office of the Governor for litigation costs and legal fees directly related to the litigation betwee

Collection
Acts & Legislation
Entity
Legislature
Date
2015
Type
Act
Identifiers
Act 6231, Act 7566, Act 7730, Bill 31-0021

ACT NO, 7736 BILL NO. 31-0021 THIRTY-FIRST LEGISLATURE OF THE VIRGIN ISLANDS Regular Session 2015 An Act appropriating $1,000,000, to the office of the Governor for litigation costs and legal fees directly related to the litigation between the Government and Hess Oil V.I. Corp., HOVENSA, LLC, and Petroleos de Venezuela, PDVSA V.I., Inc. and related entities w=---- WHEREAS, the Virgin Islands Government and Hess Oil Corp., f/k/a Amerada Hess Corp., Hess Oil V.I. Corp. (“HOVIC”), HOVENSA, LLC, and Petroleos de Venezuela, S.A., and PDVSA V.L, Inc.(“the refinery entities”), have had an ongoing business relationship and agreements governing the operation of the refinery on St. Croix and protection of the Virgin Islands’ interest since 1965; and WHEREAS, in furtherance the Government’s business relationship with the refinery entities, the Legislature of the Virgin Islands ratified in Act No.6231 the Third Extension Agreement, and in Act No. …

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