Venezuela Creditor Group Hires Orrick for Debt Restructuring (1)

Venezuela Creditor Committee has engaged the international law firm Orrick, Herrington & Sutcliffe LLP for legal counsel and related strategic advice in talks on restructuring the country’s debt.

• The core members of creditor group include Grantham, Mayo, Van Otterloo & Co. LLC, Greylock Capital, Mangart Capital, T Rowe Price Associates Inc. and Fidelity Investments, according to a statement sent by Orrick
• The group VCC “envisions a comprehensive and negotiated resolution of Venezuela’s public debt default”
• Creditors hold Venezuela public-sector debt obligations, including bonds issued by the Republic of Venezuela, Petróleos de Venezuela, S.A. and Corporación Eléctrica Nacional S.A.
• The statement ...