Bonds Valid Under Venezuelan Law, Judge Rules In $2B Case

By Caroline Simson · September 18, 2025, 11:06 AM EDT

A New York federal judge on Thursday denied a bid by Venezuela's state-owned oil company to refuse enforcement of some $2 billion in defaulted bonds, finding after an "exhaustive review of...

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Case Information

Case Title

Petroleos De Venezuela S.A. et al v. MUFG Union Bank, N.A. et al

Case Number

1:19-cv-10023

Court

New York Southern

Nature of Suit

Contract: Other

Date Filed

October 29, 2019