By Maya Lester KC & Michael O’Kane

Delaware court: Venezuela creditors can seize PDV Holding shares if licensed by OFAC

The US District Court for the District of Delaware has granted 4 companies the right to seize shares in Delaware corporation PDV Holding, Inc. that are held by Venezuelan state-owned petroleum company Petróleos de Venezuela, S.A. (PDVSA), in order to collect on debts owed by Venezuela. This is because the companies, OI European Group B.V., Huntington Ingalls Industries Inc, ACL1 …

VenezuelaVenezuela United StatesUnited States

About Maya Lester KC

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Maya Lester KC is a senior barrister (King’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human...

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