February 23, 2024

A Willkie litigation team was recognized for a crucial victory in the New York Court of Appeals for PDV Holding, Inc. (PDVH), a CITGO U.S. holding company, along with Petrόleos de Venezuela S.A. (PDVSA), and PDVSA Petrόleo, S.A., which were represented by co-counsel Paul Hastings (the PDVSA Parties). The court ruled that Venezuelan law rather than New York state law governs the validity of bonds issued by PDVSA—which are valued at more than $1.9 billion and implicate ownership of a controlling share in the parent company of U.S.-based refiner CITGO Petroleum Corporation (CITGO)— in the dispute involving an alleged violation of the Venezuelan constitution. 
The article acknowledged partners Michael Gottlieb, Jeffrey Korn, Nicholas Reddick, and Kristin Bender. Associates Melissa Taustine, Amanda Payne, Tim Ryan, and Dylan Evans are also part of the Willkie litigation team. 
Read more about the ruling here.
Read The AmLaw Litigation Daily “Litigator of the Week” article here (subscription may be required).

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