July 25, 2024

2nd Circ. Told $1.9B In Debt Valid Despite Venezuelan Actions

Retrieved from CITGO

A lower court was right to find that Venezuela’s state-owned oil company is responsible for $1. 9 billion in principal and interest on defaulted Citgo-backed bonds and that any holding to the contrary would disrupt foundational capital market principles, debtholder interests told the Second Circuit. Full Text -> Law360

Translation/ Traducción