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PDVSA default will be messy and protracted

Juan José Delgado, José Gonzales, Diego Ferro, Mike Fitzgerald and Fulvio Italiani

Panellists speaking at the first Latin Lawyer - GRR Restructuring Summit held in New York earlier this month were split over whether Venezuelan state-owned oil company PDVSA is on track for an imminent default, but there was broad agreement that the legal aftermath will share many similarities with Argentina’s highly litigious 15-year sovereign debt battle.

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