PRECEDENTIAL

UNITED STATES COURT OF APPEALS FOR THE THIRD CIRCUIT

___________

No s . 21

- 1276 , 21

- 1277, 21

- 1289

______ _____
CRYSTALLEX INTERNATIONAL CORPORATION

v.

BOLIVARIAN REPUBLIC OF VENEZUELA

CITGO PETROLEUM CORPORATION; PDV HOLDING, INC.; PETROLEOS DE VENEZUELA, S.A.

,

(Intervenors in D.C.)

Citgo Petroleum Corporation and PDV Holding, Inc.

, Appellants in No. 21

- 1276

Petr ó leos De Venezuela, S.A.

, A ppellant in No. 21

- 1277

Bolivarian Republ ic of Venezuela Appellant in No. 21

- 1289

____________ On Appeal from the United States District Court

for the District of Delaware (D.C. Civil No. 1

- 17

- mc

- 00151 )2 District Judge: Honorable Leonard P. Stark

____________ Argued: December 7, 2021

Before: SHWARTZ

, PORTER , and FISHER

,

Circuit Judges

.
(Filed: January 18, 2022 )

____________
Nathan P. Eimer Lisa S. Meyer Gregory M. Schweizer Eimer Stahl LLP 224 South Michigan Avenue Suite 1100 Chicago, IL 60604

Robert E. Dunn Eimer Stahl LLP 99 South Almaden Blvd. Suite 642 San Jose, CA 95113

Counsel for Intervenor

- Appellant s CITGO Petroleum Corporation and PDV Holding, Inc.

Joseph D. Pizzurro Kevin A. Meehan Julia Mosse Juan O. Perla Curtis Mallet

- Prevost Colt & Mosle3 101 Park Avenue 35th floor New York, NY 10178

Counsel for Intervenor

- Appellant Petróleos de Venezuela, S.A.

Donald B. Verrilli, Jr. [ARGUED] Brendan B. Gants Elaine J. Goldenberg Ginger D. Anders Munger Tolles & Olson 601 Massachusetts Avenue, N.W. Suite 500 Washington, D

. C

. 20001

Counsel for Defendant

- Appellant Bolivarian Republic of Venezuela

Robert L. Weigel Rahim Moloo Jason W. Myatt Gibson, Dunn & Crutcher LLP 200 Park Avenue New York, NY 10166

Miguel A. Estrada [ARGUED] Lucas C. Townsend Matthew S. Rozen Gibson, Dunn & Crutcher LLP 1050 Connecticut Avenue, N.W. Washington, D.C. 200364 Travis S. Hunter Jeffrey L. Moye Richards Layton & Finger 920 North King Street One Rodney Square Wilmington, DE 19801

Counsel for Plaintiff

- Appell ee Crystallex International Corporation

____________
OPINION OF THE COURT

____________ PORTER, Circuit Judge

. In these consolidated appeals, the Bolivarian Republic of Venezuela (“Venezuela”) a nd other appellants ask us to intervene for a second time in ongoing execution proceedings against Venezuela

. Our jurisdiction to hear the appeals turns on whether the Distr ict Court has reached a final decision. 28 U.S.C. § 1291. It has not, so we lack jurisdiction over th ese appeal s

. I

A decade ago, Venezuela expropriated valuable mining rights owned by Crystallex International Corporation (“Crystallex”), a Canadian minin g company. Crystallex Int’l Corp. v. Bolivarian Republic of Venezuela , 932 F.3d 126, 132 (3d Cir. 2019). After prevailing in an arbitration proceeding, Crystallex asked a federal district court to confirm the award and obtained a $1.4 billion judgment. Id. at 133. Crystallex has since been trying to c ollect

. Id. at 133

– 35.5 In the execution action be fore the District Court

, Crystallex seeks to auction shares owned by Venezuela’s state

owned energy company

, Petróleos de Venezuela, S.A. (“PDVSA”) , to satisfy its judgment against Venezuela. Id. at 134. At stake are PD VSA’s shares in PDV Holding, Inc. (“PDVH”) , a Delaware holding company that owns CITGO Petroleum Corp oration (“CITGO”), a U.S. petroleum refiner. Id

. at 132. 1 Venezuela and PDVSA oppose the auction , as a sale would end PDVSA’s control over CITGO , one of PDVSA’s most important assets in the United States.

A

In an earlier round of proceedings, Crystallex sought to seize PDVH’s shares through a “writ of attachment” under Delaware law, as allowed by Federal Rule of Civil Procedure 69(a). Id. at 134. PDVSA intervened and resisted the attach

ment on grounds of sovereign immunit y. Id.

T he District Court rejected PDVSA’s defenses after careful consideration

. Crystallex Int ’ l Corp. v. Bolivarian Republic of Venezuela , 333 F. Supp. 3d 380, 406, 418 (D. Del. 2018)

, aff ’ d and remanded , 932 F.3d 126 (3d Cir. 2019)

. Among other things, the District Court held that it had ancillary jurisdiction to enforce the judgment against Venezuela in this execution proceeding , and that PDVS A could not asser t its

own sovereign immunity as a defense because PDVSA was Venezuela ’s alter ego under federal common law

. Crystallex

1 PDVSA , a Venezuelan corporation, wholly owns PDVH, a Delaware holding corporation, which wholly owns CITGO Holding, Inc., which wholly owns CITGO Petroleum.6 Int’l Corp.

, 333 F. Supp. 3d at 399, 406

. In other words, w hile PDVSA, not Venezuela, is the nominal owner of the PDVH shares, the District Court concluded that given Venezuela’s history of extensive control over PDVSA, PDVSA is Venezuela for purposes of this suit

. Id

. at 393, 399. S ome days later, the District Court issue d the writ of attachment

, ordering PDVH ’s registered agent to retain the stock until further order

. PDVSA appealed, and Venezuela intervened. Crystallex Int’l Corp. , 932 F.3d at 134. In that earlier appeal,

we agreed with the District Court’s reasoning, rejected all of PDVSA’s immunity defenses

, and affirmed the District Court’s orders, including the writ of attachment. Id. at 151

– 52. The Supreme Court denied certior ari, and the case returned to District Court. Bolivarian Republic of Venezuela v. Crystallex Int ’ l Corp. , 140 S. Ct. 2762 (2020)

.

B

While the case was pending on appeal, political condi

tions in Venezuela changed . In January 2019, following a fraudulent reelection bid a year earlier , Nicolás Maduro tried to install himself as President of Venezuela for a second term. The Venezuelan National Assembly, an elected body, invoked Venezuela’s c onstitution and declared Juan Guaidó interim president. T he United States recognized Juan Guaidó as the legitimate interim President of Venezuela, but Maduro still clings to power.

“[I]n light of the continued usurpation of power by Nicolas Maduro,” then

- President Trump broadened existing economic sanctions ag ainst Venezuela and blocked any trans

fer or dealing in PDVSA’s property. Exec. Order No. 13,884,7 §§ 1, 6 (Aug. 5, 2019), 84 Fed. Reg. 38,843 (Aug. 7, 2019). Implementing this order, the Office of Foreign Assets Control (“OFAC”), an agency that administers U.S. economic sanc

tions, published the following rule:

[T]he entry into a settlement agreement or the enforcement of any lien, judgment, arbitral award, decree, or other order through execution, garnishment, or other judicial process purporting
to trans fer or otherwise alter or affect property or interests in property blocked pursuant to [regula

tion], is prohibited unless authorized pursuant to a specific license issued by OFAC.

84 Fed. Reg. 64,415, 64,417 (Nov. 22, 2019), codified at 31 C.F.R. § 591.407. OFAC’s rule looms large in this case

.

C

On remand, PDVSA, now joined by PDVH as the gar

nishee and CITGO as an intervenor, asked the District Court to quash the writ of attachment. In an argument that raised the District Court’s sense of déjà vu , t hey sought to litigate the alter
ego status of PDVSA once again , arguing this time that Delaware alter ego law controlled

. 2 Delaware la w requires showing fraud

— not just extensive control

— t o seize t he prop

2 Before it lost its prior appeal to this Court , PDVSA conceded that “the legal standard for alter

- ego .

. . applied in this case [ is ] federal common law.” J.A. 144; see also First Nat ’ l City Bank v. Banco Para El Comercio Exterior de Cuba

, 462 U.S. 611

, 622 n.11 (1983) (holding that federal common law, not state law, governs the alter ego status of foreign instrumentalities)

.8 erty of a non

- debtor like PDVSA. See Crosse v. BCBSD, Inc.

, 836 A.2d 492, 497 (Del. 2003) (“ To state a ‘ veil

- piercing claim, ’ the plaintiff must plead facts supporting an inference that the corporation, through its alter

- ego, has created a sham entity desi gned to defraud investors and creditors

. ”). And Crystallex , they argued, ha s not made that showing.

Crystallex, on the other hand, view ed the attachment’s validity as a settled matter and moved for a contingent auction of PDVSA’s shares pending a license from OFAC. Venezuela, PDVSA, and PDVH opposed, argu ing that OFAC ’ s regula

tions prohibi t a contingent sale and urg ing the District Court to stay sale proceedings until Crystallex obtains an OFAC license.

D

On the eve of the District Court’s hearing on the pend

ing motions, the United States filed a statement of interest urg

ing the District Court not to authorize a contingent sale of the shares . Elliot Abrams, the U.S. Special Representative for Venezuela at the ti me , filed a letter assert ing that “immediate steps toward a conditional sale” of CITGO would damage the legitimacy of the Guaidó government. J.A. 309. Abrams explained that CITGO ’s “ loss through a forced sale in a U.S. court would be a great political vict ory for the Maduro regime

, ” as Maduro c ould blame the Guaidó government for the loss of PDVSA assets on U.S. soil . J.A. 309. Thi s , Abrams said, would “greatly” harm U.S. foreign policy interests. J.A. 309.

The United States , through OFAC, separately argued that “U.S. sanctions involving Venezuela require a license for9 any sale of PDVH shares.” J.A. 300. The United States noted that OFAC was then considering Crystallex’s specific license application and asked the District Court to “refrain f rom authorizing an auction and sale of Venezuela’s largest and most important foreign asset while Crystallex’s licensing application is pending before OFAC.” J.A. 304. 3

At the hearing on the pending motions, the United States clarified its position in r esponse to the District Court’s questions . I t assured the District Court that “the United States [w]asn’t tak[ing] the position that [the District Court was] blocked from moving forward” and that “the Court can do whatever it wants.” J.A. 523. It also clar ified, though, that “Crystallex might well be in violation of OFAC regulations if it takes these proposed steps.” J.A. 523.

E

On January 14, 2021, the District Court acted on the pending motions. The District Court refused to quash the attachment. In the District Court’s view, it had already decided the alter ego issue and issued the attachment

, and we had affirmed, so (1) issue preclusion prevented PDVSA and its subsidiaries from re litigating the validity of the a t tachment under Delaware law, and, in any event, (2) the state

- law chal

lenge was untimely because PDVSA and its subsidiaries had failed to preserve the issue after an adequate opportunity to do

so

. Crystallex Int’l Corp. v. Bolivarian Republic of Venezuela

,

3 While these appeals were pending OFAC denied Crystallex’s license application , without prejudice if foreign policy considerations change.10 No. 17

- mc

- 151

- LPS

, 202 1 WL 129803, at *8

– 11, *12

– 15 (D. Del. Jan. 14, 2021)

.

T he District Court also granted Crystallex’s motion in part. The District Court decided “to set up the sales procedures and then to follow them to the maximum extent that can be accomplished without a specific license from OFAC.” Id. at *16. The District Court noted, however, that “[a]ll parties agree that, under current law and policy, a sale of PDVH shares can

not be completed without a specific OFAC license.” Id. With that understanding, t he District Court decided that “ all the pre

paratory steps tha t can be taken without such a license can, and should, be taken.” Id. The District Court also “set out some of th e contours of the sales procedures that it will follow”

— including appointing a special master to aid the District Court in designing procedures for an eventual judicial sale. Id. at *17

– 18.

Venezuela, PDVSA, PDVH, and CITGO appealed the order

.

II

We have “jurisdiction of appeals from all final decisions of the district courts.” 28 U.S.C. § 1291. “A final decision ends the litigation on the merits and leaves nothing for the court to do but execute the judgment.” Hall v. Hall , 138 S. Ct. 1118, 1123

– 24 ( 2018) (quotation marks omitted).

The Venezuela appellants seek review of two decisions. T he y first ask us to review the District Court’s refusal to quash the attachment , arguing that the attachment must be quashed because it conflicts with Delaware alter ego la w

. T he y also ask11 us to review the District Court’s decision to de termine final sale procedures in the future , arguing that it conflicts with OFAC regulations and disregards U.S. foreign policy interests

. Neither decision is final , so we lack authori ty to entertain these arguments

.

A

W e first address whether the District Court’s refusal to quash the attachment is a final decision. We consider

— and reject

— Crystallex’s argument that refusals to quash post

judgment attachment s are never final. W e hold instead that an attachment in aid of executio n , or a refusal to quash one, is final when “all that remains is for a non

- judicial officer to take and dispose of the defendant’s property.” United States v. Parker , 927 F.3d 374, 380 (5th Cir. 2019). We lack jurisdiction over the refusal to quash under that practical test because the litigation remains ongoing. The District Court must , at the very least, still rule on pending legal objections to the special master’s recommended judicial sale procedures. The District Court’s j udicial involvement is ongoing

, so the refusal to quash the attachment is interlocutory. V enezuela and other appellants will have an adequate opportunity to appeal t he refusal to quash the attachment at a later stage , so there is no practical finality.

1

a
“The archetypal final decision is one that triggers the entry of judgment.” Hall

, 138 S. Ct. at 1124 (quotation marks and alterations omitted). When a party files an appeal from a final decision disposing of all claims, our jurisdiction12 ordinarily presents no difficult question . Id. Orders that precede a final disposition of claims are, on the other hand

, usually interlocutory and unappealable unless Congress says otherwise. See 28 U.S.C. § 1292. “The general rule [is ] that a party is entitled to a single appeal, to be deferred until final judgment has been entered.” Digital Equip

. Corp. v. Desktop Direct, Inc. , 511 U.S. 863, 868 (1994) (citation omitted). Faith

ful adherence to th e single appeal rule promotes clear jurisdic

tion al rules , allows district judges room to manage complex lit

igation, and avoids the costs of piecemeal ap peals.

T he single appeal rule prevents appellate review of
many important litigation decisions that affect property rights

. That includes prejudgment attachment s or similar remedies under Rule 64 “to secure satisfaction of the potential judg

ment.” Fed. R. Civ. P. 64(a) (emphasis added). A prejudgment “[a] ttachment is an ancillary remedy by which a plaintiff acquires a lien upon the property of a defendant in order to obtain satisfaction of a judgment that the plaintiff may ulti

mately obtain at the conclusion of the litigation.” Mitsubishi Int’l Corp. v. Cardinal Textile Sales, Inc. , 14 F.3d 1507, 1521 (11th Cir. 1994). These kinds of remedies are “intended to pre

serve the subject

- matter in dispute from waste or dilapidation, and to keep it within c ontrol of the court until the rights of the parties concerned can be adjudicated by a final decree.” Forgay v. Conrad , 47 U.S. (6 How.) 201, 204

– 05 (1848). They are necessarily “interlocutory

, ” as they merely allow litigation to continue toward a final dec ision

. Id. at 204.

For this reason, orders granting or refusing to vacate prejudgment attachment s have long been held un appealable . In Cushing v. Laird , the Supreme Court held that a foreign attach

ment on a vessel was not final, as an “ attachme nt is auxiliary13 and incidental to the principal cause,” which was yet to be liti

gated. 107 U.S. 69, 76 (1883). 4 “Neither the principal defend

ant nor the garnishees can appeal until after a final decree agai nst them.” Id. T he Supreme Court later cited Cushing with approval

, noting that unlike in a case denying an attachment, “where an attachment is upheld pending determination of the principal claim .

. . the rights of all the parties can be ade

quately prote cted while the litigation on the main claim pro

ceeds.” Swift & Co. Packers v. Compania Colombiana Del Caribe, S.A. , 339 U.S. 684, 689 (1950).

Appeals from prejudgment attachment s and similar remedies have “shatter[ed] on the rock” of these Supreme Court precedents

. West v. Zurhorst , 425 F.2d 919, 921 (2d Cir. 1970) (Friendly, J.). In United States v. Pearce’s Estate , for example, we held a “sequestration order” seizing stock

— a device we said was “analo gous to foreign attachment at law”

— unappealable. 498 F.2d 847, 849 (3d Cir. 1974) (en banc). We found no finality because liability was still to be adjudicated and “ [ i ] n essence, all that ha[d] happened to date is that shares of stock ha[d] been seized.” I d. at 850. In Petroleos Mexicanos Refinacion v. M/T K ing A (Ex

- Tbilisi) , we similarly held a refusal to vacate a “warrant of arrest” for a vessel

— another device analogous to attachment

— not final, because “the arrest itself is not the immediate precursor to execution of a judg

ment.” 377 F.3d 329, 334 (3d Cir. 2004). The refusal to vacate the warrant of arre s t was also unappealable under the collateral

- order doctrine , we held, based on “ our long

4 The purpose s of a foreign attachment are “ to secure a respondent’s appearance and to assure satisfaction in case the suit is successful.” Swift & Co. Packers v. Compania Colombiana Del Caribe, S.A. , 339 U.S. 684, 693 (1950).14 established precedent from an analogous area ”

— cases involv

ing “ pre judgment attachments.” Id. at 336 (emphasis added). Thus, o rders granting or refusing to vacate Rule 64 remedies

are not f inal decisions and immediate appeals are barred unless the law allows an interlocutory appeal

. See, e.g. , 28 U.S.C. § 1 292(b).

Crystallex asks us to extend these prejudgment prece

dent s to post

-

judgment attachment s in aid of execution under Rule 69(a)

. Fed. R. Civ. P. 69 (a)

. But post

- judgment attach

ments are different . P ost

-

judgment attachments are used to sat

isfy a final judgment by seizing and selling property. T hey come after, not before, a n archetypal final decision

. So they do
not lend themselves to th e single appeal rule we usually apply
to property seizures that preced e a final decision on liability

, including prejudgment attachments under Rule 64

. In an exe

cution proceeding, there has already been at least on e oppor

tunity to appeal the final decision on the merits. T here cannot be just one “final decision.”

The better analogy is not attachments under Rule 64 , but other execution process awarded under Rule 69 or Rule 70 , like

a writ of execution directing “the marshal to not only levy but also to sell the property.” Parker , 927 F.3d at 380. Like a writ of execution and unlike a prejudgment attachm ent , a post

judgment attachment may sometimes be “the immediate pre

cursor to execution of a judgment.” Petroleos Mexicanos , 377 F.3d at 334. When a n execution s ale i mmediately follows an attachmen t , the district court’s judicial involvement in the civil action is over , and all that is left is a ministerial superintending of the sale

. The se kinds of post

- judgment decisions are “often appealable ” under our precedent

. Isidor Paiewonsky Assocs., Inc. v. Sharp Prop s. , Inc. , 998 F.2d 145, 149 (3d Cir. 1993).15 b

Crystallex argues, however, that nineteenth

- century Supreme Court precedent requires us to hold that refusals to quash attachments are never final. Crystallex’s reading of prec

edent is anachronistic , so we decline to follow that path.

Crystallex’s main authority is Boyle v. Zacharie ( Boyle II )

, 31 U.S. (6 Pet.) 648 (1832) (Story, J.). In Boyle , the U.S. circuit court for the district of Maryland

— a trial court in diver

sity cases

— entered a money judgment for Louisiana creditors

a gainst Hugh Boyle, a Baltimore merchant. Boyle v. Zacharie ( Boyle I ) , 31 U.S. (6 Pet.) 635, 64 1

– 4 2 (1832) (Story, J.). 5 The court ordered an attachment, and the U.S. marshal seized Boyle’s ship, the General Smith

. Id. at 642. The court later issued “ a writ of venditioni exponas”

— an order requiring the U.S. marshal to sell the General Smith

. Boyle II , 31 U .S. at 655. Boyle moved to quash the sale order

, arguing that a pending proceeding in equity required staying any sale

, but the court denied Boyle’s motion to quash

. Id. Boyle then took his case to the Supreme Court under section 22 of the Judiciary Act of 1789, authorizing a “ writ of error ” from “final judgments and decrees.” Judiciary Act of 1789, ch. 20 § 22, 1 Sta t . 73, 84; see also Boyle II , 31 U.S. at 656

. The Supreme Court addressed “ whether a writ of error ” could be brought to review the refusal to quash the sale “ upon mere motion. ” Boyle II , 31 U.S. at 65 6

. “ In modern times, ” Justice Story noted, “ courts of law wil l often interfere by sum

5 Under the Judiciary Act of 1789, U.S. circuit courts had original jurisdiction in diversity of citizenship cases like Boyle

. Judiciary Act of 1789, ch. 20

, 1789, § 11, 1 Stat. 73, 78.16 mary proceedings on motion, and quash an execution errone

ously awarded, ” instead of correcting a judgment through for

mal post

- judgment writs

. Id. But quashing execution by sum

mary motion was a matter of judicial “discretion

, ” not a legal “judgment

. ” Id. at 657. As Justice Story explained:

We consider all motions of this sort to quash executions, as addressed to the sound discretion of the court; and as a summary relief, which the court is not compellable to allow . The party is deprived of no right by the refusal; and he is at full liberty to redress his grievance by writ of error [coram nobis], or audita querela; or other remedy known to the common law. The refusal to quash, is not in the sense of the common law

a judgment

, much less a final judgment. It is a mere interlocutory order.

Id. 6 B oyle , properly understood, was tied to review by writ of

error

. The writ of error was far more limited than the civil appeal

. Chief Justice Oliver Ellsworth, the primary author of the Judiciary Ac t , explained it this way : “ A n appeal is a process of civil law origin, and removes a cause entirely; subjecting the

6 An audita querela was a suit by a judgment debtor to present a defense to a judgment that could not have been raised earlier, and coram nobis was similar. See James W m . Moore & Elizabeth B.A. Rogers, Federal Relief from Civil Judgments

, 55 Yale L.J. 623, 659

– 74 (1946) (explaining the writs). The appellate writ of error should not be confused with the post

judgment writ of error coram nobis , as coram nobis was a writ asking a court to set aside its own judgment because of an error of fact. Id. at 669.17 fact as well as the law, to a review and re

- trial: b ut a writ of error is a process of common law origin, and it removes noth

ing for re

- examination but the law. ” Wiscart v. D ’ Auchy , 3 U.S. (1 Dall.) 321, 327 (1796)

. One of the writ of error ’s settled lim

itations was that it could not be used to review discretionary orders

. See Boyle II , 31 U.S. at 657 (citing cases) . As Chancel

lor James Kent put it, “[t]here seems to be no position more uniformly admitted, than that [a writ of] error will not lie on a matter resting in discretion.” Clason v. Shotwell

, 12 Johns. 31

, 49 (N.Y. 1814) ; see also Alfred Conkling, A Treatise on the Organization and Practice of the Courts of the United States 672 (3d ed. 1856) (“A writ of error will not .

. . lie for an alleged error in deciding upon an application addressed to the discretion of the court .

. .”).

By the time Boyle was decided, the New York Supreme Court had already concluded that orders on motions to quash execution w ere discretionary and so unreviewable by writ of

error

. Brooks v. Hunt

, 17 Johns. 484, 486

– 87 (N.Y. Sup. Ct. 1820)

. Justice Story agreed

. Under the forms of action

, “sum

mary proceedings on motion” to quash execution are decided “in the exercise of [] sound discretion,” not as of matter of legal right

. Boyle II , 31 U.S. at 656. At the time, “ i t [was] by no

means uncommon for the court to refuse to interfere upon motion

, ” even “where the [execution] proceedings [were] clearly erroneous

, ” and require the fil ing of a post

- judgment writ. Id.

C ourts had good reason to refuse meritorious motions to quash

. Un like post

-

judgment writs, orders on motion to quash execution did not vacate judgments and ha d little final

ity

. McCargo v. Chapman , 61 U.S. (20 How.) 555, 556 (1857)

. Because orders on motions to quash execution did not have18 preclusive effect on future executions , review of these orders by writ of error would not settle legal rights with finality

. Id. at 556

– 57. Boyle must be understood in this procedural context.

Havi ng placed Boyle in its proper procedural context,

we now address Crystallex’s reading of Boyle

. C rystallex’s argument that Boyle and its progeny hold that refusals to quash attachments are unappealable has no basis in Boyle

. Boyle , for starters, involved a sale order, not an attachment. Boyle II , 31 U.S. at 65 5 (“ [N] o error is assigned on the original judgment, or on the award of the [attachment

. ]”). The other authority cited by Crystallex is Loeber v. Schroeder

, 149 U.S. 580 (1893). But Loeber me rely applied Boyle ’s rule that “an order overruling a motion to quash an execution”

— in that case a post

- judgment attachment

— was not a judgment reviewable by writ of error

. Id. at 584

– 85 (citing Boyle II , 31 U.S. at 6 57 ); see also Toland v. Sprague , 37 U.S. (12 Pet.) 300, 331

– 32 ( 1 8 38) (same). So Loeber adds nothing to Boyle.

Moreover, contrary to Crystallex’s suggestion, nothing in Boyle or Loeber turned on the outcom e being a refusal to quash . In McCargo

, for example, the Supreme Court had no diff iculty applying Boyle ’s holding to dismiss a writ of error brought from an order quashing a post

- judgment attachment

. McCargo

, 61 U.S. at 55 7 (“In this case, the Circuit Court quashed the execution

. ”)

. Nor did Boyle categorically forbid a writ of error

. Boyle said courts could review an “erroneous” execution award

. See Boyle II , 31 U.S. at 656 (“If, therefore, there is an erroneous award of execution, not warranted by the judgment, or erroneous proceedings under the execution, a writ of error will lie to redress the grievance.”); see also Johnson v. Harvey , 4 Mass. (4 Tyng) 483, 48 4 (1808) ( providing exam

ples of when a writ of error could be brought against execu

-19 tion). Neither Boyle nor Loeber involved a situation where , as here, a party complain s that e xecution was erroneously awarded against the wrong party, and Crystallex cited no anal

ogous caselaw

. This alone distinguishes those cases.

Boyle and Loeber , in short, turned on th e limited scope of the writ of error. But Congress “ abolished ” the writ of error in 1928 and replaced it with the a ppeal. Act of Jan. 31, 1928, ch. 14, 45 Stat. 54 (“That the writ or error in cases, civil and criminal, is abolished. All relief which heretofore could be obtained by writ of error shall hereafter be obt ainable by appeal.”) ; Erwin C. Surrency, History of the Federal Courts 305 (2d ed. 2002) (noting the demise of distinctions between the writ of error and the appeal). Appeals were not new. B efore 1928 , appeals were common on the equity side of federal

cour ts and allow ed for broad review of “facts as well as law” on appeal from a final decree. Buessel v. United States , 258 F. 811, 814 (2d Cir. 1919)

. Po st

- judgment decrees in equity were reviewable for abuse even if they were discretionary. In re Farmers’ Loan & Tr. Co. , 129 U.S. 206, 21 5

– 16 (1889).

Whatever substantive distinction remained between appeals in equity and law after 1928 ended in 1938. T he Fed

eral Rules of Civil Pro cedu re merged law and equity by replac

ing the forms of action and bills with “one form of action

— the civil action.” Fed. R. Civ. P. 2. And t he post

- judgment writs referenced in Boyle were “abolished” by Rule 60 a few years later

. Fed. R. Civ. P. 60(e). Civil actions and motions, not writs “shrouded in ancient lore and mystery,” are now the exclusive way to seek relief from execution proceedings in federal dis

trict court

. Advisory Comm

. on Rules of Civ

. Proc

. , Report of the Propos ed Amendments to Rules of Civil Procedure for the District Courts of the United States (1946)

, reprinted in 520 F.R.D. 433, 476. W hil e rules of procedure can not alter our jurisdiction, “ many of the procedural rules of the district courts unquestionably affect [our] jurisdiction ” by altering wh en dis

trict court orders can be considered final decisions

. Bendix Aviation Corp. v. Glass , 195 F.2d 267, 271 (3d Cir. 1952) (en banc) (upholding R ule 54(b))

. Crystallex does not explain why Boyle and Loeber have continued relevance under modern civil procedure. As Crystallex acknowledges, courts of appeals ofte n hear appeals from final sale order s

— like the order at issue in Boyle

. “[P] ost

judgment orders are often appealable

, ” we have said. Sharp Prop s

. , 998 F.2d at 149

. Or as the Fifth Circuit recently explained, “ [o] rders permitting enforcement of judgments or requiring defendants to transfer property to plaintiffs might not take the form of judgments, but they certainly dispose of claims to that property. And these types of orders have long been treated as final and appealable.” Hewlett

- Packard Co. v. Quanta Storage, Inc. , 961 F.3d 731, 741

– 42 (5th Cir. 2020) (citing cases , including Boyle II , 31 U.S. at 656 )

. Given the merger of law and equit y and the abolition of the forms of action, o ur appellate jurisdiction is not limited to those “judgments” that would have been reviewable by writ of

error in the law courts of Westm inster

. We have allowed appeals from many orders that likely would not have been “judgments” under the technical rules of the writ of error. In Sharp Properties
, for example, we held th at a writ of assistance ejecting a non

- party tenant under Rule 70 w as a n appealable final decision, not an unappealable “ministerial or administra

tive act

. ” 998 F.2d at 1 51

. Even more telling, the Supreme Cour t now allow s appeals from orders vacating pre judgment attachments by motion, which may wel l have been21 unreviewabl e by writ of error at common law

. Compare Compania Colombiana Del Caribe , 339 U.S. at 688

– 89 (allowing appeal from an order vacating foreign attachment by motion)

, with McCargo , 61 U.S. at 55 8 ( rejecting a writ of error from an order quashin g attachment by motion ). And as we have explained

, Boyle merely applied the general rule that discretionary orders wer e un reviewable by writ of error. Clason , 12 Johns. at 49. But t he federal reporters are chock

full o f appeals reviewing orders for abuse of discretion. Those precedents sit uneasily with Boyle and Loeber

.
By contrast

, there are no well

- reasoned decisions applying Boyle and Loeber t o reject an appeal after 1938

. See 15B Charles Alan Wright & Arthur R. Miller, Federal Practice and Procedure § 3916 n.8 ( 2d ed. 1992 ) (“Wright & Miller”) ( characterizing Boyle as the “old view” of the appealability of execution orders ) . The few decisions that apply Boyle or Loeber to dismiss appeal s are perfunctory. See, e.g.

, United States v. Moore , 878 F.2d 331 , 331 (9th Cir. 1989) (per curiam) (relying on Loeber to dismiss without explanation ); Steccone v. Morse

- Starrett Prod

s . Co

. , 191 F.2d 197, 199 (9th Cir. 1951) (same). This si lence speaks volumes. Supreme Court decisions under the First Judiciary Act are binding and relevant

, but w e

see no persuasive reason why Boyle ’s understanding of the writ of error and the discretionary nature of motions to quash exe

cution under the forms of action compels dismissal of these appeals , and Crystallex offers none

. I n the contest between the writ of error and the civil appeal, as in other areas, “[t]he war between law and equity is over. Equity won .” Douglas Laycock, The Triumph of Equity , 56 Law & Contemp. Probs. 53, 53 (1993).22 2

W e apply our “practical finality ” approach to these post

- judgment orders

. Sharp Properties , 998 F.2d at 150

. Prac

tical finality , however, does not mean piecemeal review of
every post

-

judgment order en route to a final sale. “Appeal ordinarily should not be available as to any particular post

judgment proceeding before the trial court has reached its final disposition.” W r ight & Miller § 391 6. Generally, the “disposi

tive question

, then, is whether there is anything left for the dis

trict court to do with respect to execution of the judgment.” Parker , 927 F.3d at 380. An execution proceeding is final when “all that remains is for a non

- judicial officer to take and dispose of the defendant’s property.” Id. Or as we said in Sharp Properties , a post

-

judgment order is final when it “leaves noth

ing to be done in the cause save to superintend, ministerially

, the execution of the decree.” 998 F.2d at 150 (quoting In Re Moody , 825 F.2d 81, 85 n.5 (5th Cir

. 1987)). The key word is

“ ministerial ly

. ” This practical test requires us to determine whether the District Court’s judicial role is over.

Applying our test, t he District Court’s judicial role in this civil action is far from over

. The District Court is proceed

ing through a judicial sale, not an execution sale , and the sale
proc ess raises several legal questions

. To decide judicial sale procedures, for example, t he District Court first needs to rule

on objections to the special master’s proposed judicial sale pro

cedures. The parties have raised multiple legal objections to this proposal and continue to brief legal issues . Venezuela, for example, submitted a district court brief a day after we held oral argument in this appeal argu ing that a contingent auction pending an OFAC license would violat e sanctions regu lations

. That is a legal objection calling for the District Court’s judg

-23 ment, not just its ministerial superintendence. M ore appeals will likely follow the final order on sale procedures

.

A ppellants raise several pragmatic arguments for final

ity, but none are persuasive.

A ppellants first argue that the pending judicial proceed

ings are irrelevant to finality because they involve the sale pro

cess . The refusal to quash, they say, settled the sole remaining threshold objection to the sale of PDVSA’s property as a non

party to the money judgment. In their view, there is no practical reason to defer review of this separate threshold objection. But preventing the “harassment and cost of a succession of separate appeals”

— as the law requires

— is a fine pra ctical reason to defer review. Cobbledick v. United States , 309 U.S. 323, 325 (1940). Threshold affirmative dispositive defenses to liability (like a statute of limitations) are often rejected in interlocutory orders, but their rejection is not immediately appealable. Digital Equip. Corp.

, 511 U.S. at 873

. Disappointed l itigants who lose on threshold affirmative defense s must ordinarily wait “until the end of proceedings before gaining appellate review.” V

an Cauwenberghe v. Biard , 486 U.S. 517, 524 (1988). So too here.

A ppellants also argue that further proceedings would be wasteful if we later hold the attachment invalid. Perhaps. “But the possibility that a ruling may be erroneous and may impose additional litigation expense is not sufficient to set aside the finality requirement imposed by Congress.” Richardson

Merrell, Inc. v. Koller , 472 U.S. 424, 436 (1985). This rule is sensible, as w e affirm district courts far more often tha n we reverse them.24 A ppellants ’ core argument, h owever, is that we should discount ordinary principles of finality because post

- judgment decisions are more permissive of piecemeal appeals

. Shar p Properties and other decisions of our Court lend some support
to this argument

. We have said that “when supplementary post

judgment orders are involved

. . . the policy against

. . . avoid

ing piecemeal review [is] less likely to be decisive .” Sharp Properties , 998 F.2d at 150 (quoting Ohntrup v. Firearms Ctr., Inc. , 802 F.2d 676, 678 (3d Cir. 1986) ). And in Ohntrup , we held a post

-

judgment denial of a motion to withdraw as counsel immediately appealable even though discovery proceedings in aid of execution remained pending before the District Court. Ohntrup

, 802 F.2d at 678

. But critically, we granted review in that case only because if the lawyers involved had to wait until the execution proceedings were over

, they “would

. . . be effectively denied meaningful review” of the ir motion to with

draw. Id

.

Unlike in Ohntrup

, A ppellants ha ve not sho wn th ey will be denied meaningful appellate review unless we intervene

now . A ppellants argue that unless we intervene now, they will be irrep ar ably injured by a fire sale . But that injury w ill only materialize if a contingent auction takes place and they ulti

mately los e on appeal , so th ey have not shown an effective denial of appellate review. If we allowed piecemeal appeals to prevent the risk of mere financial loss occasioned by litigation de cision s , “Congress’s final decision rule would end up a pretty puny one.” Digital Equip. Corp. , 511 U.S. at 872

.

T h e risk of a fire sale is also speculative. We do not yet know whether the District Court will order a contingent auction pending OFAC approval ( an issue Venezuela continues to vig

orously litigate before the District Court ), so we have no basis25 to assume that a contingent auction will happen anytime soon

. Far from it, the special master has recommended against com

mencing the market in g and bidding process until OFAC’s position materially changes. E ven if the District Court rejects this recommendation and orders a contingent auction, the District Court appears to agree that OFAC’s approval would be necessary to complete the transaction and transfer title

.

Nor are a ppellants without a proper remedy: O nce the District Court enters a final decision , they may seek a stay of execution pending appeal , preventing an auction from going forward . Fed. R. Civ. P. 62(b), (e); Fed. R. App. P. 8. St ays, not judge

- made equitable or foreign

- policy exceptions to the jurisdictional requirement of finality, are the proper way to
pr otect appellants from irreparable injury while they raise their legal challenges on appeal.

3

I n a conclusory footnote, appellants also argue that the refusal to quash is appealable as a collateral order. This argu

ment lacks merit for the same reason as their finality argument: appellants have not shown that refusal s to quash an attachment

are effe ctively un reviewable on appeal later. See Mohawk Indus., Inc. v. Carpenter , 558 U.S. 100, 108

– 09 (2009) ( an appellant must show that “deferring review until final judg

ment so imperils the interest as to justify the cost of allowing immediate appeal of the entire class of relevant orders” )

. The refusal to quash is not a final decision.26 B

Venezuela separately appeals the District Court’s deci

sion to “set up the sales procedures and then to follow them to the maximum extent tha t can be accomplished without a spe

cific license from OFAC.” Crystallex Int’l Corp. , 2021 WL 129803, at *16 . This preliminary order

— a decision to de termine sale procedures in the future wi th the advice of a special mas ter

— is interlocutory and unappealable

.

1

Before addressing our jurisdiction

, we pause to explain what the District Court did not decide. Appellants s ay that the preliminary decision on sale procedures “ contemplates a con

tingent auction ” without prior OFAC approval. Appellants’ Opening Br. 44 (emphasis added) ; see also Oral Argument at 14:10

– 14:44 ( asserting the decision requires steps toward a contingent auction )

. But saying that an order contemplates a contingent auction is an admission that the order is tentative and not final on at least that disputed issue

. The District Court docket confirms this. In i ts briefing before the District Court, V enezuela continues to litigate th e legality of a contingent auc

tion and insists that the District Court has yet to decide whether
to approve a contingent auction.

Our own review of the January 2021 order confirms that the District Court has not approved a contingent auction . The District Court said it would go only as far as OFAC’s regula

tions allow and acknowledged that OFAC’s approval will be needed to complete a sale. The final sale procedures o rder, not the preliminary decision on appeal, will govern if, when, and27 how, a sale can begin and end. 7 To be sure, the District Court did not foreclose the possibility of a contingent auction pend

ing OFAC’s approval. But neither did it endorse that poss ibil

ity. That issue will be decided in the final sale procedures order, with the benefit of the special master’s recommenda

tions after further briefing. Venezuela’s assertion that a contin

gent auction would violate OFAC ’s regulations is therefore unripe for resolution in this appeal. Toilet Goods Ass’n, Inc. v. Gardner , 387 U.S. 158, 162

– 63 (1967). We reject Venezuela’s attempt to inject this premature issue into this appeal.

2

The only decision before us

, then

, is the District Court’s decision to begi n the process for deciding sale procedures

. Venezuela argues that we have jurisdiction to review this deci

sion under the collateral

- order doctrine. We do not.

7 Appellants read a contingent

- sal e requirement into the District Court’s decision to allow “[t]he winning bidder .

. . a reasonable amount of time to pursue any necessary and desirable regulatory approvals.” Crystallex Int’l Corp. v. Bolivarian Republic of Venezuela , No. 17

- mc

- 151

- LPS

, 2021 WL 129803, at * 17 (D. Del. Jan. 14, 2021). But this part of the order refers to regulatory approvals generally, not OFAC approvals. OFAC is far from the only regulator in Washington

, D.C. As Crystallex explained, a winning bidder may need
merger appr oval from the Federal Trade Commission and the Department of Justice before closing the acquisition. See 15 U.S.C. § 18a. Similarly, bidders from outside the United States may need approval from the Committee on Foreign Investment in the United States. See 50 U.S.C. § 4565.28 The collateral

- order doctrine is a narrow exception from the general rule that a party is entitled to a single appeal

. Digital Equip

. Corp.

, 511 U.S. at 868. It allows appeals from a “small class” of orders “which finally determine claims of right separable from, and collateral to, rights asserted in the action

, too important to be denied review.” Cohen v. Beneficial Indus. Loan Corp. , 337 U.S. 541, 546 (1949). “That small category includes only decisions that are conclusive, that resolve important questions separate from the merits, and that are effectively unr eviewable on appeal from the final judgment in the underlying action.” Swint v. Chambers Cnty. Comm’n , 514 U.S. 35, 42 (1995).

Orders that “substantially overlap” or are intertwined with the “factual and legal issues of the underlying dispute” are
not se parate from the merits under Cohen , “making such deter

minations unsuited for immediate appeal as of right under § 1291.” Biard , 486 U.S. at 529. The District Court’s prelimi

nary order is not separate from the merits of the pending pro

ceedings. The preli minary order is but a “tentative, informal, [and] incomplete” step on the issue of how far the District Court can go toward a final sale. Cohen , 337 U.S. at 546. The District Court will decide how far is too far in the forthcoming order on sale procedures

, after further briefing. Crystallex Int’l Corp. , 2021 WL 129803, at *16

– 17

. Venezuela’s claim that this preliminary decision to de termine sale procedures goes too far will substantially overlap with and merge into the merits of the forthcoming final decision on sale procedures, so it is not collateral to the pending proceedings

.

* * *29 We lack jurisdiction over the appeals , so we will di s

miss them . In doing so, we express no opinion on the merits,

as they are not before us. Venezuela or other appellants may raise thei r arguments in a future appeal from a final decision

, and we will consider their arguments then

.