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

  1. October 27, 2025

    Venezuelan Oil Company Looks To Pause $3B Bond Ruling

    A subsidiary of Venezuela's state-owned oil company is urging a New York federal judge to pause her ruling enforcing nearly $3 billion in defaulted bonds during an appeal, saying enforcement could permanently alter its business by taking away its "sole meaningful asset": the oil giant Citgo.

  2. October 20, 2025

    Venezuela Oil Co. PDVSA To Appeal $2.86B Bond Ruling

    Venezuela's state-owned oil company plans to appeal a New York federal judge's recent decision ordering it to pay $2.86 billion to bondholders, after the judge ruled last month that defaulted Venezuelan bonds were validly issued under the South American country's laws.

  3. October 17, 2025

    Venezuela's PDVSA Ordered To Pay $2.86B To Bondholders

    A New York federal judge Friday ordered Venezuela's state-owned oil firm Petróleos de Venezuela SA to pay $2.86 billion to bondholders, after ruling last month that defaulted Venezuelan bonds were validly issued under the South American country's laws.

  4. September 18, 2025

    Bonds Valid Under Venezuelan Law, Judge Rules In $2B Case

    A New York federal judge on Thursday denied a bid by Venezuela's state-owned oil company to refuse enforcement of some $2 billion in defaulted bonds, finding after an "exhaustive review of Venezuelan law" that the bonds were validly issued.

  5. March 25, 2025

    Venezuelan Law Invalidates $2B Bonds, PDVSA Argues

    Venezuela's state-owned oil company is fighting back against efforts by creditors to enforce some $2 billion in defaulted bonds, dismissing as "illogical" the creditors' argument that the underlying bond documents were exempt from a requirement for National Assembly approval.

  6. March 19, 2025

    Bondholders Say $2B Venezuelan Bond Contracts Are Valid

    The holders of approximately $2 billion in defaulted bonds issued by Venezuela's state-owned oil company Petróleos de Venezuela SA have urged a New York federal court to enforce their contracts with PDVSA, saying the country hasn't shown how its domestic law makes the bonds invalid.

  7. January 17, 2025

    Venezuela Says $2B In Bonds Can't Be Enforced

    More than five years into litigation aimed at enforcing nearly $2 billion in defaulted bonds against Venezuela's state-owned oil company, the country is urging a New York federal judge to nix the case on the grounds that the bonds are illegal under its domestic law.

  8. June 29, 2023

    Bondholders Say Venezuela Deals Could Hurt Their Recovery

    The holders of some $1.9 billion in defaulted Venezuelan bonds urged a New York federal judge on Wednesday to protect the value of their collateral amid concern that Venezuela may look to settle with its creditors in order to stymie an upcoming auction for control of Citgo.

  9. January 04, 2021

    Bondholders Can't Forge Ahead With Citgo Sale Yet

    A New York judge has paused efforts by the holders of some $1.9 billion in defaulted Venezuelan bonds to move ahead with a sale of Citgo amid an ongoing appeal, even as U.S. sanctions preventing the sale were extended.

  10. December 21, 2020

    $2B Venezuelan Bond Enforcement Must Proceed, Judge Told

    Bondholders looking to collect more than $1.9 billion under defaulted Venezuelan bonds urged a New York federal judge Friday to let them forge ahead, arguing Caracas' attempt to put the sale of Citgo in a holding pattern could mean they're left behind as other creditors scramble for their share of the assets.