Restructuring 2026
A contemporary restructuring would be documented in parallel layers that close in a coordinated manner; however, today there is an additional layer in the case of Venezuela (that
A contemporary restructuring would be documented in parallel layers that close in a coordinated manner; however, today there is an additional layer in the case of Venezuela (that
Una reestructuración actual se documentaría en capas paralelas que cierran de forma coordinada; pero hoy hay una capa adicional en el caso venezolano (la de sanciones) y, dentro
Comparing the two is akin to comparing entirely different worlds. The 1990 Brady Plan was an orderly, coordinated, and sponsored refinancing of a relatively homogeneous debt package. Conversely,
La comparación es casi la de dos mundos distintos. El Brady fue un refinanciamiento ordenado, coordinado y patrocinado de una masa de deuda relativamente homogénea; una reestructuración venezolana
Una reestructuración de deuda soberana se negocia como una transacción de mercado —ley de Nueva York, agentes fiscales, cláusulas de acción colectiva—, pero existe el riesgo de que
A sovereign debt restructuring is typically negotiated as a market-standard transaction—governed by New York law, utilizing fiscal agents, and incorporating collective action clauses—but there is
On May 13, 2026, the Venezuelan Vice Presidency for the Economic Sector announced the commencement of the process to restructure the sovereign debt of the Republic of Venezuela
I. Deuda Soberana La deuda soberana tiene particularidades que, para algunos expertos la hacen más compleja, especialmente al momento de su reestructuración. Los soberanos implican obstáculos y riesgos
I. Sovereign Debt Sovereign debt has certain characteristics that, according to some experts, make it more complex, especially when it comes to restructuring. Sovereigns involve significant obstacles and
I. Property Rights Venezuela’s Constitution provides for a wide degree of protection to private property rights. Article 115 of the Constitution recognizes the rights of private parties