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Updated · latinlawyer.com · Jun 12Venezuela Hires Hogan Lovells for $150 Billion Debt Restructuring
2 articles · Updated · latinlawyer.com · Jun 12Summary
- US federal filings show Hogan Lovells is advising Venezuela on a sovereign debt restructuring covering about $150 billion.
- The mandate follows Caracas' announcement last month that it planned to open talks with creditors on reworking the debt.
- The disclosure identifies a key legal adviser as Venezuela moves from signaling negotiations to preparing the restructuring process.
Insights
With its oil revenues controlled by the US, can Venezuela's massive debt restructuring ever truly be considered sovereign? Is Venezuela's $170B debt plan a real recovery effort or a political maneuver, given it ignores $75B in other debts?