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 …
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 …
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 …
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 …
Court of Delaware stays Crystallex and other cases against Venezuela until Supreme Court decision
Delaware, 13th December 2019 – Judge Leonard Stark ordered a stay on cases against Venezuela affecting Crystallex, ConocoPhillips, Saint-Gobain, and OI Europe until the conclusion …
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 …