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 …
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 …
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 …
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 …
As Venezuela’s Opposition Stumbles, the Country’s Creditors Circle
CARACAS (Stratfor), 28th June 2019 – With Venezuela in default on about $175 billion in foreign debt, the political opposition intends to begin restructuring debt …