{"id":69159,"date":"2019-05-08T01:49:55","date_gmt":"2019-05-08T05:49:55","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=69159"},"modified":"2019-05-08T01:49:55","modified_gmt":"2019-05-08T05:49:55","slug":"u-s-court-grants-stay-in-pdvsa-debt-cases-due-to-venezuela-political-situation","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2019\/u-s-court-grants-stay-in-pdvsa-debt-cases-due-to-venezuela-political-situation.html","title":{"rendered":"U.S. Court Grants Stay in PDVSA Debt Cases Due to Venezuela &#8216;Political Situation&#8217;"},"content":{"rendered":"<p>\n(Reuters) A U.S. court granted a 120-day stay in a legal battle between a hedge fund and Venezuela\u2019s state-run oil company, PDVSA, over unpaid debt in light of the country\u2019s \u201cpolitical situation,\u201d according to a ruling filed on Monday. The move will delay proceedings in two suits brought by Red Tree Investments against PDVSA in New York courts for $182 million for allegedly defaulting on four loan agreements. The ruling could set a precedent for other suits against PDVSA and Venezuela\u2019s government, which together have defaulted on some $8 billion in debt.<\/p>\n<p><a href=\"https:\/\/www.reuters.com\/article\/us-venezuela-politics-debt\/u-s-court-grants-stay-in-pdvsa-debt-cases-due-to-venezuela-political-situation-idUSKCN1SC29T\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) A U.S. court granted a 120-day stay in a legal battle between a hedge fund and Venezuela\u2019s state-run oil company, PDVSA, over unpaid debt in light of the country\u2019s \u201cpolitical situation,\u201d according to a ruling filed on Monday. The [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-69159","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/69159","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=69159"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/69159\/revisions"}],"predecessor-version":[{"id":69160,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/69159\/revisions\/69160"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=69159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=69159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=69159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}