D.C, 10th December 2019 – U.S. Treasury Department provided further information regarding licenses and sanctions from OFAC affecting Venezuelan assets in U.S. soil. The guidance …
New filling in NY Courts Targets Venezuela’s Defaulted Bonds
NEW YORK, 3rd December 2019 – Contrarian Capital Management LLC filed last 29th November again against Venezuela. The distressed investment firm also behind Red Tree …
ConocoPhillips demand its share on CITGO
Delaware, 26th November 2019 – The U.S. oil company filed on Tuesday a motion in a Delaware court seeking to collect its 1.4 billion arbitration …
U.S. Court rejects Venezuela’s petition for a rehearing of the Crystallex case
Philadelphia, 22nd November 2019 – A ruling by 13 judges of the U.S. 3rd Circuit Court of Appeals in Philadelphia upheld the decision allowing Canadian …
Guaido’s administration denies repudiating Venezuela’s debt
CARACAS, 15th November 2019 – Juan Guaido’s interim government issued a statement explaining its decision to request the annulment of the PDVSA 2020 bond issuance. According …
MUFG & Glass Americas reply to Venezuela with a defense of the PDVSA 2020 bonds legality
NEW YORK, 8th November 2019 – MUFG and Glass Americas, as the trustee and collateral agent of the PDVSA 2020 bonds, filed a response to PDVSA’s board …
Owens-Illinois wins ruling allowing it to seek attachment of Venezuelan assets in the US
Delaware, 4th November 2019 – Judge Amy Berman from the District Court of Columbia ruled in favor of Owens-Illinois, granting the company judicial approval to register …
PDVSA files lawsuit to declare the P20 notes “invalid, illegal, null and void”
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 …