Management of PDVSA AD HOC and CITGO during 2024
The Ad Hoc Administrative Board of PDVSA reiterates its commitment to defending Venezuela’s assets abroad, fulfilling its mandate to safeguard PDVSA’s assets. In 2024, the Board has faced claims exceeding $20 billion, primarily stemming from expropriations and debts incurred under the negligent regimes of Hugo Chávez and Nicolás Maduro. Since 2018, the District Court of […]
Regarding the Special Master’s statement on the orderly sale of PDVH shares.
Houston, September 27, 2024 Dear Venezuelans, Today, the Special Master in the case of Crystallex vs. Venezuela has presented his recommended bidder for the court-ordered sale by the U.S. District Court of Delaware for 100% of the shares in PDVH. The offer is reportedly contingent upon multiple unresolved issues within and outside the judicial process. […]
Barclays recommends buying PDVSA 2020 bonds as CITGO sale nears
Barclays está recomendando comprar bonos de la empresa petrolera estatal de Venezuela, PDVSA, que vencieron en 2020, argumentando que un tribunal de Delaware podría permitir la liberación del aval sobre la deuda en mora antes de julio. La reclamación de los tenedores de bonos podría resolverse antes de la venta ordenada por el tribunal de […]
