Abstract
This Working Paper addresses Petroleos de Venezuela, S.A. (PDVSA), a State Owned Enterprise (SOE) and National Oil Company (NOC) fully owned by Venezuela, which operates the oil and gas industry in the country, and its eventual insolvency and default on its payments obligations due under its current financial indebtedness. In particular, the Working Paper examines (i) the nature of PDVSA as a SOE, (ii) its ability to fail or be subject to insolvency proceedings, before Venezuelan courts; and (iii) how would an eventual insolvency and default on its external indebtedness would need to be conducted in the country. Two particular questions constitute the focus of the analysis: Can PDVSA actually go bankrupt? And, how would a prospective PDVSA’s bankruptcy proceeding be conducted in Venezuela?
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
