Bloomberg Law
Feb. 21, 2019, 12:45 PM UTC

Wake Up Call: Ex-Cleary Partners Could Clash Over Bondholders’ Exposure to Venezuela Debt Crisis

  • With bondholders staring at billions in potential losses in Venezuela, a possible battle is shaping up between two former partners and one current partner at Cleary Gottlieb, according to reports from New York, London, and Paris. Sovereign debt restructuring veteran Lee Buchheit, set to retire in March after 43 years at the firm, has been mentioned as a possible adviser to Venezuela opposition leader Juan Guaidó, if President Nicolas Maduro leaves office. If he takes the job, Buchheit, who has previously suggested that Venezuela may need to take a “nuclear option” on its debts, might be in conflict with ...

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