Judge makes decision in favor of plaintiffs

Interim government fails to block $ 391 million bond claim

Venezuela owes $ 390.7 million to two holders of its defaulted bonds, ruled a New York judge, rejecting the assertions of the government of opposition leader Juan Guaidó, recognized by the United States, that the case should be delayed until he takes power. and the country's debt is restructured.

"Plaintiffs' rights cannot be suspended pending geopolitical developments that may or may not happen, and which courts are not well equipped to assess," US District Judge Analisa Torres said in a decision Wednesday, in favor of the Pharo hedge fund. Management and Casa Express Corp.

So far, Venezuela has two major lawsuits pending in the United States courts, which are that of the bondholders and that of Crystallex, which awaits a decision by the judicial authorities in order to collect a debt that amounts to 1,400 millions of dollars.

With information from Blooomberg