Posts tagged "Venezuela"

U.S. Court Denies Motion to Stay in $118 Million-Dollar Venezuelan Debt Case

The United States District Court for the Southern District of New York has denied a motion brought by Venezuelan state-owned oil company, Petróleos De Venezuela, S.A. ("PDVSA"), and PDVSA Petróleo, S.A. ("Petróleo") (together, "Defendants"), for an additional 120-day stay of the litigation in Red Tree Investments, LLC v. Petróleos De Venezuela, S.A. and PDVSA Petróleo, S.A.

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