Crystallex sues over Venezuelan bond-swap
Wikimedia commons/Malepheasant
Canadian mining company Crystallex has brought a second lawsuit accusing a US subsidiary of Venezuela’s national oil company PDVSA of helping to fraudulently transfer assets out of the reach of the state’s creditors – this time through pledging shares as collateral for a US$3.37 billion debt-swap.
To read more
Subscribe to Global Restructuring Review
Subscribe & start reading now!
GRR is a daily information service providing cross-border insolvency and restructuring news, features and events.
Subscribe now