From a letter by the Venezuelan Foreign Minister to the European Union:

"The Venezuelan Foreign Minister urged the High Representatives to carry out fair and appropriate procedures so that the European financial institutions unblock the funds and transactions of the Venezuelan State, as a sign of independence in the face of the submission they have shown to the unilateral and illegal coercive measures issued. for the administration of Donald Trump against the economy and the People of Venezuela."

Euroclear, the EU financial clearing house, alone has USD 730 million Venezuelan frozen funds, and anyone with a legitimate claim against the country can get an attachment order from the New York courts to get Euroclear, through its US affiliate to hand over the funds. This can be done based on the groundbreaking Koehler v. Bank of Bermuda Ltd, which gave the NY courts attachment power over funds abroad held by foreign financial institutions with affiliates operating in NY.

Now, why anyone owed money and with a NY court approved collection case would not go for funds that can be secured by a freezing order and then collected?

A $1.4 billion question to be answered.

Stay tuned.

http://globovision.com/article/arreaza-venezuela-repudia-energicamente-la-declaracion-de-la-ue-y-reitera-su-disposicion-de-dialogo

From a letter by the Venezuelan Foreign Minister to the European Union:

"The Venezuelan Foreign Minister urged the High Representatives to carry out fair and appropriate procedures so that the European financial institutions unblock the funds and transactions of the Venezuelan State, as a sign of independence in the face of the submission they have shown to the unilateral and illegal coercive measures issued. for the administration of Donald Trump against the economy and the People of Venezuela."

Euroclear, the EU financial clearing house, alone has USD 730 million Venezuelan frozen funds, and anyone with a legitimate claim against the country can get an attachment order from the New York courts to get Euroclear, through its US affiliate to hand over the funds. This can be done based on the groundbreaking Koehler v. Bank of Bermuda Ltd, which gave the NY courts attachment power over funds abroad held by foreign financial institutions with affiliates operating in NY.

Now, why anyone owed money and with a NY court approved collection case would not go for funds that can be secured by a freezing order and then collected?

A $1.4 billion question to be answered.

Stay tuned.

http://globovision.com/article/arreaza-venezuela-repudia-energicamente-la-declaracion-de-la-ue-y-reitera-su-disposicion-de-dialogo