Petróleos de Venezuela SA (PDVSA) creditors refer to funds held in accounts held by the Venezuelan state at Novo Banco de Portugal, An effort to collect nearly $600 million in outstanding debt الديون.
As reviewed Reuters news agency, Puerto Rican Bank BSJI in July obtained an order from the Lisbon Court For confiscation of funds in an account containing $1.3 billion in Novo Banco as compensation for defaulting on PDVSA In a credit agreement with the bank in 2018, according to court documents seen by international media.
Similar requests have also been made by US glass maker OI Glass Inc (OI.N) and Houston-based oil company ConocoPhillips (COP.N). To collect arbitration awards to nationalize assets.
Venezuelan government It defaulted on more than $60 billion in bonds, due to “billions more” in arbitration awards.
However, a British court document determined that BSJI She received an $83.9 million judgment against PDVSA in November, after filing a lawsuit in the United Kingdom, where he agreed with the Venezuelan company to resolve the dispute.
court PDVSA’s argument that it can’t pay dismissed According to the document.
For its part, a judge of the Lisbon District Court BSJI on July 8 ordered Right to “grab money” located in Novo BancoPortuguese court document.
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