Lawsuits Push Venezuela to Brink of Default

Instant Max AI

(Energy Analytics Institute, Piero Stewart, 17.Feb.2017) – A Paris Court of Appeal’s rejection of an annulment from Venezuela will force the cash-strapped South American country to pay $730 million to Canada’s Gold Reserve Inc.

This lawsuit and others pending in international courts, should they be rendered with final decision against Venezuela, could push the country to the brink of default.

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