Daily Docket
Senegal's commercial-bank creditor committee has picked Houlihan Lokey, Reuters reports, as the FSDT strike ends. No Third Circuit ruling yet.
Daily Docket
Third Circuit set no date to rule on the USD 5.9bn PDV Holding sale; closing still needs an OFAC licence.
Venezuela
OFAC issued General License 60A, authorising transactions related to earthquake relief efforts in Venezuela, and amended FAQ 1263. Per the FAQ, relief payments authorised by GL 60A need not be paid into the Foreign Government Deposit Funds (FGDF) account.
Venezuela
Reuters reported on 16 October that Centerview Partners remains Venezuela’s financial adviser. That confirms the mandate, not exchange terms.
Cuba & Title III
BICSA was designated under E.O. 14404 on 15 October; FAQ 1276 gives foreign persons until 14 November to wind down. Title III: two Supreme Court rulings in 2026.
Venezuela
Venezuela Restructuring Desk reported on 14 October that the Justice Department expressed no views on Venezuela’s request to pause the Citgo appeal. No order granting the pause was verified as of this edition.
Ethiopia
The 14 October GSDR report shows the bond exchange still pending, after the August comparability-of-treatment finding on the June agreement.
Global
The GSDR, co-chaired by the IMF, World Bank and the G20 presidency, met in Bangkok on 14 October and issued its 7th co-chairs progress report.
Venezuela
OFAC removed Jorge Rodríguez (listed as Jorge Jesús Rodríguez Gómez) from its Specially Designated Nationals list on 14 October under the Venezuela programme. A delisting changes who U.S. persons may deal with; it does not by itself authorise transactions with the Government of Venezuela or PDVSA.
Dated, sourced, status-labelled coverage of sovereign debt restructuring, litigation and enforcement, OFAC sanctions and IMF programmes.
Holders of $2.2 billion of Senegal’s $5.2 billion bonds appointed Alvarez & Marsal and warned against principal haircuts; a December target for agreements in principle is reported.
IMF staff and Zambia reached a staff-level agreement on 9 October on a new 36-month Extended Credit Facility with access of SDR 1,076 million (about US$1,472 million). It is subject to IMF Executive Board approval and agreed prior actions.
Gold Reserve’s 8 October release supports a limited six-month abeyance of the Citgo appeal only with concurrent U.S. support. Mealey’s reports that other creditors opposed the pause on 8 October. A motion or response is not a ruling.
IMF staff and Sri Lanka reached staff-level agreement on the seventh review of the Extended Fund Facility and concluded 2026 Article IV discussions.
Petersen and Eton Park filed a petition for certiorari (No. 26-442) on 30 September seeking review of the Second Circuit’s 27 March 2026 decision, which held the claims belonged in Argentine courts. The docket shows Argentina’s response due 2 November 2026. A petition is not a ruling.
On 28 September the D.C. district court denied Spain’s jurisdictional motion in Foresight. Swedish annulment of the two awards did not eliminate jurisdiction under the FSIA arbitration exception; recognition and enforcement remain merits questions.
On 1 September 2026 IMF staff and Senegal reached a staff-level agreement on a 36-month Extended Credit Facility of about US$2.2 billion (SDR 1,537.1 million), subject to Board approval, corrective actions on the misreporting case and financing assurances from Senegal’s partners.
The English Commercial Court assessed £18,034,078.32 in damages and £89,804.96 in costs against Banco Nacional de Cuba, a total of £18,123,883.28. The August coverage follows the July default-judgment process.
The IMF Executive Board completed the sixth review of Ghana’s ECF arrangement, concluded the 2026 Article IV consultation and reviewed a request for a 36-month Policy Coordination Instrument (27 July).
In Exxon Mobil Corp. v. Corporación CIMEX (No. 24-699, decided 23 June 2026), the Supreme Court held that the Helms-Burton Act itself abrogates the sovereign immunity of Cuban agencies and instrumentalities; Title III plaintiffs need not also satisfy an FSIA exception.
In Havana Docks Corp. v. Royal Caribbean Cruises (No. 24-983, decided 21 May 2026), the Supreme Court held that the “property which was confiscated” includes the physical docks themselves. The Eleventh Circuit judgment was vacated and remanded.
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