Venezuelan opposition hires debt advisor

Venezuelan opposition hires debt advisor

Corporate & Sovereign Strategy Debt Capital Markets Bonds Asset Management Economy & Policy Fixed Income Energy Venezuela

Venezuela's opposition has hired Lee Buchheit to advise on restructuring more than $150bn in debt, according to press reports. Buchheit, a former partner at the US law firm Cleary Gottlieb, co-authored a paper last year on how to restructure Venezuela's debt with Duke University professor Mitu Gulati. In the paper, the authors say any holdout creditors in restructuring Venezuelan sovereign debt "present a serious, potentially a debilitating, legal risk. The opposition, led by Juan Guaidó, sta

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