Article: Portugal has questions to answer

Article - Media, Publications

Portugal has questions to answer

Colin Stevens, 03 June 2021

Such calls have gained fresh momentum in recent months following the recent controversial decision to drop serious criminal charges against Portugal’s former Prime Minister Jose Socrates.

On 25 May 2019, EPP’s candidate for new Commission president , German Manfred Weber wanted to apply sanctions against Portugal. Right-wing Paulo Rangel and Nuno Melo do not miss a chance to point out that it was a socialist government – at the time led by José Sócrates – that had asked for the intervention of the “troika”(European Commission, International Monetary Fund and European Central Bank). Continue reading “Article: Portugal has questions to answer”

Article: Venezuela Oil Co. On The Hook For $40M Bond

Article - Media, Publications

Venezuela Oil Co. On The Hook For $40M Bond

Emma Whitford, 05 March 2021

A New York judge has ordered Venezuela’s national oil company to repay about $40 million it owed to a Portuguese pipeline company on a defaulted bond, saying the oil giant failed to prove that it was impossible to repay the debt due to U.S. sanctions.

Petróleos de Venezuela SA and its subsidiary did not manage to turn up documents from Portuguese banks showing that the banks had declined to honor attempted wire transfers from PDVSA to Cimontubo-Tubagens E Soldadura LDA of Portugal, U.S. District Judge George B. Daniels wrote. Continue reading “Article: Venezuela Oil Co. On The Hook For $40M Bond”