US EditionVenezuela's government, opposition may cooperate to safeguard US assets
- On Monday, Manhattan-based US Magistrate Judge Sarah Netburn granted a 45-day pause in a case where creditors seek to seize funds linked to state oil company Petroleos de Venezuela, allowing the government and opposition to determine representation.
- Washington recognized President Delcy Rodriguez as leader in March, following the capture of President Nicolas Maduro by United States forces, which prompted questions regarding who holds legal authority to represent Venezuela in court.
- Reuters reported on Wednesday, citing four people, that President Delcy Rodriguez is preparing to take over the boards of PDVSA's United States subsidiaries, including Citgo, which the opposition has controlled since 2019.
- Rare cooperation between the opposition and President Delcy Rodriguez's government signals potential coordination to safeguard United States assets, including Citgo, from creditors such as debt holders and victims of alleged terrorism.
- By May 21, lawyers for the government and opposition must update the court on their selection of permanent legal counsel to represent Venezuela's interests in the ongoing asset dispute.
19 Articles
19 Articles
Chavismo and opposition faction seek judicial pause to shield Citgo and PDVSA assets
Lawyers representing Delcy Rodríguez's government and those of the opposition sector that has controlled Venezuelan assets in the United States since 2019 jointly asked a New York court for a 45-day suspension in a case where international creditors are seeking to seize funds linked to Petróleos de Venezuela (PDVSA).
A new legal movement in a New York court reports a possible collaboration between Delcy Rodríguez’s government lawyers and those of the opposition that controlled the National Assembly in 2015. The key is that those opponents, represented by Juan Guaidó, took control of some of Venezuela’s assets in the United States in 2019, when Donald Trump was president and did not recognize Nicolás Maduro as president. Continue reading
The interim regime of Delcy Rodríguez and a sector of the Venezuelan opposition seek to coordinate the legal defense of the country's oil assets in the United States.Read more
Washington, 6 Apr (EFE).- The Venezuelan government and the legal team of a part of the Venezuelan opposition pointed out before a court in New York that they are coordinating the legal representation of the country in the United States. Judge Sarah Netburn accepted this Monday to pause one of the cases involving Venezuela’s assets in the United States while deciding which law firm will represent the country before the courts. Since Washington r…
Parties shall request a 45-day break in the event of the presence of assets of the refinery company in the United States
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