The State Of Creditor Recovery Efforts In Venezuela: Part 1

Law360 (June 4, 2018, 11:00 AM EDT) -- This is the first part of a two-part article providing an update on the ongoing recovery efforts of creditors of the Republic of Venezuela and Venezuela’s state-owned oil company, Petróleos de Venezuela SA, or PDVSA.

Part one below summarizes the magnitude of the claims against PDVSA and the republic, those that are in various stages of enforcement proceedings, as well as the much larger pool of additional claims that are not (yet) in litigation but could become the subject of judicial proceedings. Next, we provide an update on the pending enforcement proceedings in the United States and elsewhere and the possible...

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