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Syracuse Mountains Corporation v. Petroleos de Venezuela S.A.
Case Number:
1:21-cv-02684
Court:
Nature of Suit:
Judge:
Firms
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August 02, 2024
Judge Won't Enforce $330M In Defaulted Venezuelan Bonds
A New York federal judge on Thursday declined to enforce some $330 million in defaulted bonds issued by Venezuela's state-owned oil company, relying on a rarely invoked state ban on champerty that prohibits claims brought by entities that acquire a debt solely to pursue enforcement litigation.
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January 05, 2023
Venezuela Debt Cases Face New Complication
The Venezuelan National Assembly's decision last week to terminate the interim government of Juan Guaidó has already begun to have ripple effects in litigation filed by the country's creditors, as counsel appointed by the former opposition leader requested stays in two such cases on Thursday.