Second Circuit rejects Venezuela's bid to void nearly $3 billion in defaulted bonds
The U.S. Court of Appeals for the Second Circuit ruled Tuesday that nearly $3 billion in defaulted Venezuelan bonds should not be blocked from enforcement under the country's domestic law.
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- 01The Second Circuit ruled Tuesday that nearly $3 billion in defaulted Venezuelan bonds cannot be blocked from enforcement under Venezuelan domestic law.
- 02The decision clears the way for bondholders to pursue enforcement of the notes.
- 03The ruling comes as interim President Delcy Rodriguez's government seeks talks to restructure about $170 billion of debt.
Sources:bloomberg.com
UCapital Asset Management LLP or group companies may have commercial relationships with the companies mentioned. This content is not financial advice.
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