Venezuela is confronting an economic and financial crisis of unprecedented proportions. Its economy remains on a precipitous downward trajectory, national income has more than halved, imports have collapsed, hyperinflation is about to set in and the government continues to follow a policy of...

If there is one thing that all stakeholders in Puerto Rico's fiscal crisis can agree on (and there are likely not many such things), it is that, without real economic growth, the Commonwealth of Puerto Rico will neither be able to repay its creditors nor offer its residents a viable, let alone...

The clock ticking down for investors holding the outstanding debt of the Republic of Venezuela and its state-owned oil company, Petróleos de Venezuela, S.A. (“PDVSA”), may have just struck zero. On Friday, November 3, President Nicolás Maduro kicked off the much anticipated restructuring...

Much has been written about the ongoing economic and financial crisis in the Republic of Venezuela, including its economic collapse, the shortage of basic food and medicine, the spread of poverty and disease and the mass exodus of its population. In the midst of the collapse of this failed...

This is an update to the article we published on March 15, 2018 on the lawsuit filed by the PDVSA US Litigation Trust (the “Trust”) in federal court in Miami, Florida on behalf of Venezuela’s state-owned oil company, Petróleos de Venezuela, S.A. (“PDVSA”) against a group of 44 oil...