Trump Administration Issues License Facilitating Venezuelan Debt Restructuring
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7 Articles
Trump administration issues license facilitating Venezuelan debt restructuring
Venezuelan bonds have rallied in recent months as investors anticipate a windfall in a possible debt restructuring deal. By Ricardo Vaz CARACAS, (venezuelanalysis.com) – The US Treasury Department has issued a sanctions waiver allowing the provision of services related to the restructuring of Venezuelan debt. General License 58 (GL58), issued on Tuesday, authorizes the provision of “legal, financial advisory, and consulting services” to the Vene…
New OFAC License Allows Certain Debt Restructuring Transactions With Venezuela
The Office of Foreign Assets Control issued a general license on May 5 to authorize certain debt restructuring-related transactions with the Venezuelan government. General License 58 specifically allows for people and companies to provide legal, financial advisory and consulting services...
DOBLE LLAVE – U.S. announced Tuesday the granting of a license that allows different legal entities to begin advising the government of Venezuela and its national oil company PDVSA and its subsidiaries for the restructuring of their debt. General license 58 announced today by the Treasury Department exempts from existing sanctions figures such as law firms, consultancies or financial advices and allows them to enter into a dialogue with the auth…
The measure is part of General License 58 issued by OFAC following the easing of oil sanctions. Read more
The United States announced this Tuesday the granting of a license that allows different legal entities to begin advising the Government of Venezuela and its national oil company PDVSA and its subsidiaries for the restructuring of their debt. General license 58 announced today by the Treasury Department exempts from existing sanctions figures such as law firms, consultancies or financial consultants and allows them to enter into a dialogue with …
This Tuesday, May 5, after the U.S. Treasury Department authorized Venezuela to hire specialized advice for a possible debt restructuring, Venezuela’s sovereign and oil bonds S.A. (Pdvsa) skyrocketed. The license issued by the U.S. ...
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