Petroleos De Venezuela S.A. et al v. MUFG Union Bank, N.A. et al

  1. November 18, 2019

    Venezuela Oil Co., Trustee Reach Deal On $1.68B Bonds

    Venezuela's state-owned oil company has reached an agreement to take off the table for bondholders Citgo shares that back $1.68 billion worth of government bonds due to mature next year, under a forbearance agreement that extends until the litigation ends.

  2. November 08, 2019

    Venezuela Won't Prevail In Bid To Nix 2020 Bonds, Court Told

    Litigation filed by Venezuela's state-owned oil company to invalidate $1.68 billion worth of government bonds due to mature next year is "highly unlikely" to succeed, because payments were made on the bonds as recently as April, the trustee and collateral agent have told a New York federal court.

  3. November 04, 2019

    Creditors Denounce Bid To Nix Venezuela Oil Co. Bonds

    A group of Venezuela's creditors on Monday decried litigation seeking to invalidate Venezuelan government bonds due to mature next year after the crisis-stricken nation's state oil company missed a critical $913 million payment, telling a New York federal court the suit "stand[s] in stark contrast" to its promise to refinance the debt.