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
Sovereign Debt
4 publications
Sovereign Debt Restructuring and Contracts of Public Interest
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
Debt-to-Equity Swaps in Venezuela's Restructuring Landscape: Contractual Design, Legal Constraints, and the Conditions for Viable Debt Conversion
Juan Carlos Andrade Santamaria February 2026 ABSTRACT This paper examines debt-to-equity swaps as a mechanism for addressing Venezuela's protracted sovereign and quasi-sovereign debt
Restructuring of the Venezuelan Debt
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