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 …
Maduro appoints one of the U.S. 10 most wanted fugitives as new oil minister
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 …