More on the Validity of the PDVSA 2020 Bonds
Conflict of Laws
NOVEMBER 3, 2022
We have seen this pattern in Venezuela, Mozambique, Ukraine, Zambia, Liberia, Puerto Rico, and in other sovereign and sub-sovereign borrowers. Our discussions with senior sovereign debt lawyers have done little to dispel our uncertainty about the meaning of these clauses. Conclusion. They seem just as confused as we are.
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