Venezuela Creditors Group Says No Need to Sue Over Unpaid Bonds

The Venezuela Creditors Committee said in a statement on Monday that it’s not necessary for bondholders to sue for payment of the country’s defaulted debt following a New York court decision to uphold a tolling deal reached with the nation’s opposition.

• The Committee said the court order approving the terms of a deal to suspend the statute of limitations on the country’s bonds strengthened its enforceability and benefits all bondholders
  • NOTE: The committee represents investors holding over $10 billion of sovereign and state-owned oil company PDVSA bonds
• The group said it’s not necessary for any non-plaintiff bondholder to take legal ...