The Daily Journal — Venezuela’s National Academy of Economic Sciences (ANCE) has warned that the country will require a “significant reduction in the nominal value of its debt” and support from multilateral institutions such as the International Monetary Fund (IMF) if it hopes to achieve a viable and internationally credible restructuring of its external obligations. […]
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Bloomberg — Centerview Partners remained in negotiations with Venezuela until last month over a contract worth at least $150 million for its work as the country’s exclusive financial advisor in a debt restructuring process. This figure would far exceed the fees paid in previous sovereign debt operations, according to a draft agreement reviewed by Bloomberg. […]
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The Daily Journal — The Venezuelan government has hired Hogan Lovells US LLP as its strategic legal advisor to help restore the country’s access to international capital markets. Authorities disclosed the appointment of the international law firm, which maintains major offices in Washington and London, through an official filing published by the Foreign Agents Registration […]
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