Embattled Venezuelan President Nicolas Maduro on Monday appointed as his new oil minister Tareck El Aissami, who has been sanctioned by the United States for …
Chevron to end operations in Venezuela
The Trump administration, on Tuesday 21 April, gave Chevron, the last major U.S. oil company still operating in Venezuela, until December 1 to “wind down” …
Venezuela trying to buy time with the Crystallex award
Venezuela appealed to the Supreme Court in March, asking the high court to review a Third Circuit decision that gave Crystallex permission to seize shares …
Venezuela takes Crystallex case to Supreme Court
Washington D.C. 3th March 2020 – Last week the Venezuela interim government led by Juan Guaido finally made a certiorari petition to the US Supreme Court …
PDVSA asks NY court to deny D-R final judgment
New York. 24th February 2020 – After securing a motion for Summary Judgment, Dresser-Rand requested permission to enter in a final judgment against PDVSA over …
The U.S. Sanctions Rosneft trading unit for cooperating with Venezuela
Washington D.C. 18th February 2020 – The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) sanctioned a unit of Russia’s largest oil producer Rosneft, …
Venezuela’ Bondholders seek an edge before restructuring
Holders of Venezuela bonds are seeking to get a judgment before restructuring and possible activation of the collective-action clause. Bondholders litigating Venezuela bonds in the …
Bloomberg – Venezuela Bond Loophole Could Affect Creditor Claims
NEW YORK, 5th February 2020 – Ben Bartenstein, Bloomberg analyst covering Venezuela published a note rising concerns over the prescription clause or status of limitation …
Red Tree dodges additional stay
NEW YORK, 21st January 2020 – Red Tree investments, the holder of USD 182 million defaulted loans issued by PDVSA is advancing with its summary …
OFAC. New sanctions, license, and protection on CITGO
Washington D.C. 20th January 2020 – The U.S. sanctioned Luis Parra and other lawmakers, who settled with Maduro’s regime a coup against Juan Guaido and …