Global Restructuring Review - Cross-border restructuring and insolvency legal news, features and events

Sovereign debt column: Venezuela’s restructuring - a realistic framework

10 November 2017

Sovereign debt column: Venezuela’s restructuring - a realistic framework Plaza Venezuela, Caracas Wikimedia commons/PAULINO MORAN

Amid news that Venezuela has called foreign creditors to a meeting in Caracas on 13 November, Mark Walker, head of sovereign advisory at Millstein & Co, and senior restructuring partner Richard Cooper of Cleary Gottlieb Steen & Hamilton offer an in-depth analysis of the current situation in the state, and put forward the case for restructuring.