Get all your news in one place.
100's of premium titles.
One app.
Start reading
Reuters
Reuters
Business

Venezuela owes over $20 million to law firms on guarding overseas assets

FILE PHOTO: PDVSA's U.S. unit Citgo Petroleum refinery is pictured in Sulphur, Louisiana, U.S., June 12, 2018. REUTERS/Jonathan Bachman

Venezuela owes $20.7 million to U.S. law firms handling litigation against creditors seeking to collect unpaid debts from bond defaults and nationalizations carried out more than 15 years ago, according to a document seen by Reuters.

The South American nation owes bondholders and companies more than $60 billion over companies nationalized under then-President Hugo Chavez as well as over defaulted bonds from the country and state oil firm PDVSA.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.