US appeals court upholds validity of Venezuelan state oil company bonds, clearing path to Citgo parent sale proceeds

A US appeals court upheld the validity of a series of bonds issued by Venezuela's state oil company, clearing the way for holders to seek payment from the sale of Citgo Petroleum's parent. The ruling means nearly $3 billion in defaulted Venezuelan bonds are not blocked from enforcement under the country's domestic law.

Detected & updated continuously · Source: Nebula