carib
rerum cognoscere causas
Mark Walker, who advises one group of creditors as head of sovereign
advisory at Guggenheim Securities, disagrees and said there’s no urgency
for bondholders to act. He argues that the relevant date isn’t the default
date. Instead, he says the three-year statute of limitations on interest
payments provided by the clause only starts after Venezuela has deposited
funds to financial intermediaries responsible for transferring payment to
bondholders -- which he says hasn’t happened.
“Venezuela is in default of virtually all bond payments and no Fiscal Agent
has received any such payment on any of the relevant Venezuelan bonds,”
according to a statement from the Venezuelan Creditors Committee. “Thus,
the contractual three-year limitations period has not begun to run.”
Some legal experts say the clock was triggered by the default itself because
the government said it had previously sent bond payments to financial
intermediaries that were held up by U.S. sanctions. (bloomberg)
speriamo di vedere come andrà' a finire..
perche' significherebbe che si e' passati a discutere di quanto e come concretamente pagare.
non ci sono clausole di prescrizione anticipata nei titoli che ho in portafoglio.. quindi personalmente
la questione resta 100% accademica.
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advisory at Guggenheim Securities, disagrees and said there’s no urgency
for bondholders to act. He argues that the relevant date isn’t the default
date. Instead, he says the three-year statute of limitations on interest
payments provided by the clause only starts after Venezuela has deposited
funds to financial intermediaries responsible for transferring payment to
bondholders -- which he says hasn’t happened.
“Venezuela is in default of virtually all bond payments and no Fiscal Agent
has received any such payment on any of the relevant Venezuelan bonds,”
according to a statement from the Venezuelan Creditors Committee. “Thus,
the contractual three-year limitations period has not begun to run.”
Some legal experts say the clock was triggered by the default itself because
the government said it had previously sent bond payments to financial
intermediaries that were held up by U.S. sanctions. (bloomberg)
speriamo di vedere come andrà' a finire..
perche' significherebbe che si e' passati a discutere di quanto e come concretamente pagare.
non ci sono clausole di prescrizione anticipata nei titoli che ho in portafoglio.. quindi personalmente
la questione resta 100% accademica.
\