Judge Pauses $3B Bond Enforcement Amid Citgo Auction

By Caroline Simson · November 17, 2025, 9:45 PM EST

A New York federal judge has paused enforcement of nearly $3 billion in defaulted Venezuelan-issued bonds until a winning bidder for the country's most important seizable asset — the parent company...

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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