NY High Court Ruling Significance Debated In $2B Note Suit

By Caroline Simson (April 3, 2024, 7:08 PM EDT) -- VR Capital and Venezuela's state-owned oil company, Petroleos de Venezuela SA, both told a federal court on Tuesday that a ruling from New York's highest court, which cleared a path for PDVSA to argue that nearly $2 billion in defaulted notes are invalid under its domestic law, benefits their case....

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