Sovereign debt column: Venezuela’s restructuring - a realistic framework
Plaza Venezuela, Caracas (Credit: 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.
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