$2B PDVSA Ruling Offers Insight Into Foreign-Issued Debt

By Richard Cooper, Boaz Morag and Miranda Herzog · October 27, 2025, 5:31 PM EDT

A New York federal judge held last month in Petroleos de Venezuela SA v. MUFG Union Bank NA that roughly $2 billion in defaulted bonds issued by Venezuela's state-owned oil company, which had been...

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