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 …
Venezuela’s Maduro seeks to revive stalled debt talks, bondholders unimpressed
CARACAS (Reuters), 30th September 2019 – Venezuela wants to reopen contacts with foreign bondholders after a two-year hiatus to renegotiate some $60 billion (48.9 billion …
Washington pushes EU for tougher sanctions on Venezuela
WASHINGTON, D.C. (Financial Times), 9th September 2019 – President Donald Trump’s envoy on Venezuela has attacked the EU as “unhelpful” and guilty of “miscalculation” over …
Chevron Lays Groundwork for Venezuela Exit on Waiver Jitters
CARACAS (Bloomberg), 3rd September 2019 – Chevron Corp. appears to be laying the groundwork to leave Venezuela in the event that the U.S. declines to …