19 March 2008
Exxon Freeze of Venezuelan Assets Overturned
The freeze of $12 billion in assets of Petroleos de Venezuela has been lifted by a British court.
FWIW, I don't think that this was just a technicality, because Exxon was directed to pay PDVSA's legal fees and to cover any damages by the original freeze.
There are still freezes in place in the US and Netherlands though.
I posted about this a week or so ago.
FWIW, I don't think that this was just a technicality, because Exxon was directed to pay PDVSA's legal fees and to cover any damages by the original freeze.
There are still freezes in place in the US and Netherlands though.
I posted about this a week or so ago.
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