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Siemens Pursues Over $200 Million Debt from Venezuela Amid Numerous Legal Challenges and Accusations of Fraudulent Corporate Practices

Siemens Pursues Over $200 Million Debt from Venezuela Amid Numerous Legal Challenges and Accusations of Fraudulent Corporate Practices

Venezuela is seeing an increase in lawsuits and payment judgments, including one from Siemens Energy INC., which is seeking to collect USD 200 million from PDV Holding INC., the owner of CITGO Petroleum Corporation, claiming… Siemens Pursues Over $200 Million Debt from Venezuela Amid Numerous Legal Challenges and Accusations of Fraudulent Corporate Practices

Venezuela's Escalating Legal Troubles Highlight Failure in Debt Management

Venezuela Faces Escalating Legal Challenges as US Subsidiary of Occidental Petroleum Unveils Corporate Ties in Ongoing Dispute

As we’ve mentioned in various articles, Venezuela continues to face an increasing number of lawsuits and payment orders. One such case involves Venezuela US SRL, which is in a dispute with the republic over unpaid… Venezuela Faces Escalating Legal Challenges as US Subsidiary of Occidental Petroleum Unveils Corporate Ties in Ongoing Dispute

Venezuela Faces Growing Legal Consequences as Court Upholds $109 Million Arbitration Award Due to Dividend Defaults

Venezuela Faces Growing Legal Consequences as Court Upholds $109 Million Arbitration Award Due to Dividend Defaults

Venezuela faces increasing lawsuits and payment rulings following the recent decision by the District Court of Columbia to recognize an arbitration award in favor of Venezuela US SRL, pertaining to unpaid investment dividends in Petroritupano… Venezuela Faces Growing Legal Consequences as Court Upholds $109 Million Arbitration Award Due to Dividend Defaults