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PETROLEOS DE VENEZUELA v. MUFG UNION BANK

19 Civ. 10023 (KPF).

495 F.Supp.3d 257 (2020)

PETROLEOS DE VENEZUELA S.A.; PDVSA Petroleo S.A.; and PDV Holding, Inc., Plaintiffs, v. MUFG UNION BANK, N.A. and GLAS Americas LLC, Defendants.

United States District Court, S.D. New York.

Signed October 16, 2020.

OPINION AND ORDER

Before the Court is a weighty question with a convoluted answer: Can Venezuela's state oil company unburden itself of its contractual obligations, pursuant to a transaction consummated four years ago, by dint of foreign law or...

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