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)
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Thursday, November 7, 2019
Legal Briefs
Cleary, Paul Hastings, Willkie Advise on Venezuela Bond
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.
Keywords: Capital Markets, Citgo, Cleary Gottlieb, Energy, Litigation, Paul Hastings, PDVSA, Venezuela, Willkie Farr
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