Cleary, Paul Hastings, Willkie Advise on Venezuela Bond

U.S. refiner Citgo, a unit of Venezuela's PDVSA, is now the center of a legal dispute between its creditors and allies of opposition leader Juan Guaidó. Here, the Citgo refinery in Lake Charles, Louisiana. (Photo: Citgo)


US law firms advise allies of Venezuela opposition leader and creditors.

BY LATINVEX STAFF

Cleary Gottlieb, Paul Hastings and Willkie Farr & Gallagher are advising the parties on Venezuelan state oil company PDVSA’s 2020 bond.

The bond, backed by shares in U.S. refiner Citgo Petroleum Corp, went into default after a October 28 deadline passed without the cash-strapped company making a $913 million payment. Citgo is majority-owned by PDVSA.

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Keywords: Capital Markets, Citgo, Cleary Gottlieb, Energy, Litigation, Paul Hastings, PDVSA, Venezuela, Willkie Farr

 

 

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