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

Is a PDVSA restructuring looming?

By Fredrik Karlsson

12 May 2020

Is a PDVSA restructuring looming? PDV station, a subsidiary of PDVSA, in downtown Caracas / Shutterstock.com/testing

Venezuelan lawyers have welcomed a tentative proposal from state-owned oil company PDVSA for a restructuring that would privatise various assets and allow investors to hold larger shares in its oil fields. But they've warned there's a long list of economic, legal and political hurdles to be overcome before anything can be put into practice.