December 17, 2018 |
The Venezuela Creditors Committee has retained the US law firm Cleary Gottlieb, making a move to receive overdue debt payments from the Venezuelan government and the state-owned businesses PDVSA and Elecar.
Venezuela, PDVSA and Elecar together owe approximately $9bn in payments from $62bn in outstanding bonds, the committee's financial advisor, Guggenheim Partners, said in a statement.
President Nicolás Maduro, however, told journalists on Monday that Venezuela has pushed ahead with "successful
Creditors' group hires Cleary Gottlieb after waiting more than a year to receive payments