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CARACAS, May 20 (Reuters) – Venezuelas opposition has hired veteran debt lawyer Lee Buchheit to help restructure the countrys more than $150 billion debt burden, suggesting it could take a tough approach to dealing with investors holding defaulted bonds.
Buchheit, a former Cleary Gottlieb attorney who has represented several governments in debt talks with bond investors, published an academic article last year suggesting ways for a future Venezuela government to minimize debt repayments.
The move comes nearly four months into a power struggle between President Nicolas Maduro and Juan Guaido, the head of the opposition-controlled National Assembly who in January invoked the countrys constitution to assume an interi…
Read the full article at: https://www.reuters.com/article/venezuela-politics-debt/update-1-venezuela-opposition-hires-veteran-lawyer-buchheit-to-help-restructure-debt-idUSL2N22W0EJ