The two rival presidents’ will have to wait until the second half of 2021 for the Supreme Court to decide who the UK government recognizes …
Venezuelan Parliamentary Elections
The Venezuelan parliamentary elections will take place on Sunday 6th December 2020. Maduro has the opportunity to gain back control of the National Assembly through …
Maduro’s administration conditional offer extended to 13 December
Deadline for Venezuela and PDVSA bondholders to reply to Maduro’s administration conditional offer has been extended to 13 December 2020. Prescriptions periods would be waived …
Venezuela debt fund dispute, Illiquidx issues high court proceedings against Altana Wealth
IlliquidX – a leading distressed debt specialist – has issued High Court Proceedings in the UK against Altana Wealth and others in relation to the …
Maduro’s Administration Approaching Venezuela Creditors
A Bloomberg article revealed on 19 October 2020 that the government of Venezuelan President Nicolas Maduro is approaching some of the nation’s creditors. Maduro’s administration planned phone …
Venezuela Bondholders Got Judgment In U.S. Court For The First Time
“The rights of the plaintiffs cannot be suspended pending geopolitical developments that may or may not happen, and for which the courts do not have …
Venezuela moves for a stay in the Contrarian case
Venezuela’s interim government is urging the judge to stay the proceeding in the Contrarian Capital Management funds lawsuit, saying an entry of summary judgment would complicate …
PDVSA argues against partial judgement in the Dresser-Rand case
PDVSA told the US District Court for the District of Southern New York on 13 May 2020 that an order granting plaintiff Dresser-Rand partial summary …
The director of the ad hoc board of directors of PDVSA criticises special attorney José Ignacio Hernández’s legal strategy to sue PDVSA 2020 bondholders
Petroguia reported that Alejandro Grisanti, the director of the ad hoc board of directors of PDVSA, is questioning special attorney José Ignacio Hernández’s legal strategy …
Pompeo: Team to prepare reopening of U.S. embassy in Caracas, this could mean negotiations are going well
At the beginning of April, Secretary of State Mike Pompeo unveiled a “Democratic Transition Framework” that could lift part of sanctions. Venezuela’s National Assembly would …