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.

0 comments :

Post a Comment