Report
US appeals court upholds validity of Venezuela's PDVSA 2020 bonds
Reuters reports the defaulted bonds did not require prior approval from Venezuela's National Assembly.
TLDR
Reuters reports that a US appeals court upheld the validity of PDVSA bonds that matured in 2020 and later defaulted, finding that Venezuela's National Assembly did not need to approve them in advance. Bloomberg reports the ruling clears the way for bondholders to seek payment from the sale of Citgo Petroleum's parent.
Combined views
49.1K
2 Sources, first seen ago