The decision of renewing the license that would save the company from falling into the hands of its creditors depends on one man. That man has his mind on other issues, and his name is Donald Trump
Pilar Navarro | Caracas Chronicles
On October, 16th, judge Katherine Polk Failla of the U.S. District Court Southern District Of New York, issued a decision declaring that the PDVSA 20 bond is legal, valid, and enforceable, which means holders can pursue recovery against the 50.1% of the CITGO Holding shares committed as collateral. This is an important step in the creditors’ long race to obtain the Venezuelan crown jewel: CITGO. Continue reading
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