NEW YORK, 30th October 2019 – PDVSA and PDV Holding filed a complaint against MUFG Union Bank (Trustee) and GLAS Americas (Collateral agent) seeking to declare …
PDVSA’s Ad-Hoc board to request the PDVSA 2020 bonds to be declared null
CARACAS, 28th October 2019 – PDVSA’s Ad-Hoc board named by interim president Juan Guaidó announced that it will take legal actions to nullify the PDVSA …
OFAC shields CITGO from creditors until 22 January 2020
WASHINGTON, D.C., 9th September 2019 – The Office of Foreign Assets Control decided to modify General License 5, which authorizes transactions related to the PDVSA …
License allowing Chevron’s operations in Venezuela extended for 3 months
CARACAS (Reuters), 22nd October 2019 – The Trump administration decided to extend the waiver that allows Chevron to operate in Venezuela despite the sanctions imposed by …
Red Tree Requests a Status Conference on its Case Against PDVSA
NEW YORK, 21st October 2019 – Red Tree investments, the holder of USD 182 million defaulted loans issued by PDVSA, filed on 18th October 2019 …
Statement by the Office of the Special Prosecutor of Venezuela regarding the PDVSA 2020 payment
CARACAS, 16th October 2019 – The Office of the Special Prosecutor of Venezuela, part of interim president Juan Guaido’s administration, issued a statement regarding the …
As the PDVSA 2020 payment date comes closer, stakeholders start moving
CARACAS (Various sources), 1st October 2019 – With less than three weeks to go for the PDVSA 2020 payment on 27th October 2019, Reuters reported …
Venezuela creditors push back on Guaido’s debt restructuring plan
CARACAS (Reuters), 1st October 2019 – Creditors holding Venezuelan debt pushed back on debt restructuring plans backed by opposition leader Juan Guaido, urging a “fair …