Guaidó reorganiza de manera apresurada directiva de Citgo tras ola de renuncias en el "interinato" globovision.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globovision.com Daily Mail and Mail on Sunday newspapers.
Venezuela's political opposition on Tuesday replaced members of the boards overseeing Citgo Petroleum Corp as factions in the movement led by Juan Guaido try to gain greater influence over Houston-based oil refiner.
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2nd Circ. Told $1.9B In Debt Valid Despite Venezuelan Actions
Law360 (May 17, 2021, 7:01 PM EDT) A lower court was right to find that Venezuela s state-owned oil company is responsible for $1.9 billion in principal and interest on defaulted Citgo-backed bonds and that any holding to the contrary would disrupt foundational capital market principles, debtholder interests told the Second Circuit.
The bonds, which use a majority stake in Citgo Holding Inc. as collateral, are intimately tied to New York: They were issued there, subject to New York state law and purchased by Empire State investors, the collateral agent and trustee of the 2020 notes at issue told the court. Even though the National Assembly of Venezuela concluded.