High Court Seeks SG Input In Venezuela Bonds Case

Law360, New York (May 16, 2011, 7:24 PM EDT) -- The U.S. Supreme Court asked the solicitor general Monday to weigh in on a dispute over $100 million in bonds purportedly issued by a Venezuelan state-owned bank and whether sovereign immunity precluded the lawsuit filed in Ohio.

The high court issued its request in a brief one-sentence order.

The "extraordinarily complicated" case involves allegations that the Venezuelan government has refused to honor two $50 million bonds it backed and issued in 1981 through Banco de Desarrollo Agropecuario. Those bonds, which Venezuela claims are fake, were later...
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