Titoli di Stato paesi-emergenti VENEZUELA e Petroleos de Venezuela - Cap. 2

US judje Stark grants 4 companies right to seize shares of Citgo Petroleum to collect debts owed by Ven after proving Pdvsa was “alter ego” of Ven govt. Debts related to expropriation. Firms are O-1 Glass ,Huntington Ingalls, Acki ind and Can Rusoro Mining. Joining Christallex
 
1679985399924.png
 
Ven govt and Pdvsa suspend unilaterally all statutes of limitation and prescription clauses applicable to Ven bonds and enforcement actions whether NY law , Ven law or otherwise. Tolling and suspension will expire on day the earliest which US govt lifts sanctions or 12/31/28

Both issuers express interest to comply with obligations once external economic and political conditions permit without illegal restrictions and to move forward on restructuring of their debt. I am studying the legal ramifications of Maduro statement and will give opinion later
 

Users who are viewing this thread

Back
Alto