AG to provide advice in legal challenge against the Government by PDVSA

by June 18th, 2019

The Attorney General is to advise the government on the next steps, in the legal challenge against the government by PDVSA, in relation to the acquisition of Venezuela’s 49 percent stake in Petrojam.

A statement from the Energy Ministry says, Portfolio Minister Fayval Williams is in receipt of a letter dated June 10, from Attorneys-at-Law Hylton Powell.

The letter advised, that the law firm acts for, and on behalf of PDV Caribe, in the claim to compensation by PDV Caribe.

The statement says, the letter and accompanying attachments were submitted to the Attorney General’s Chambers for guidance.

 

Additionally, it notes that another letter dated June 1, from the Special Attorney General of Venezuela, concerning the compulsory acquisition of shares in Petrojam was received on June 6.

That letter has also been forwarded to the Attorney General’s Chambers for advice.

The passage of legislation paved the way for the government to acquire the 49 percent stake of Petrojam owned by the Venezuelan company.

Yesterday, (June 17) Foreign Affairs Minister Kamina Johnson Smith said the lawsuit filed against the government by PDVSA, will have no bearing on the acquisition process.