In the next few days the Court of the Southern District of New York will hear the arguments of lawyers and experts in the nullity trial against the 2020 Bond initiated by the Legitimate Government of Venezuela, through the Attorney General, José Ignacio Hernández, with the purpose of seeking the declaration of nullity, illegality and invalidity of these papers due to the serious violations of the National Constitution committed by Maduro’s regime by placing Citgo as collateral for these bonds.
This phase of the trial in the United States will allow the Venezuelan people to witness the debate of experts and to know what the dictatorship of Nicolás Maduro and his lawyers wanted to hide in 2016, when by a sentence of the Constitutional Chamber of the Supreme Court of Justice, they blocked the investigation initiated by the National Assembly after issuing an agreement rejecting the issuance of the 2020 Bond.
At the argument stage, the parties must present to the Court their interpretation of the Constitution and present analyses by Venezuelan lawyers who specialize in constitutional law to support it. The argument of the Legitimate Government is solid. On the contrary, in order for a lawyer to justify the approval of the PDVSA 2020 Bond, without the endorsement of the National Assembly, he will have to go against what the Constitution of our country demands. And finally, despite the dictatorship’s attempts to prevent it, Venezuelans will be able to witness this.
Since 2016, Parliament has declared that the 2020 bond violated the Constitution because of its irrationality and the collateral on the 50.1% of Citgo Holding, Inc. Therefore, it is a contract of national public interest that had to be previously authorized by the National Assembly.
The Legitimate Government of Venezuela ratifies its absolute decision to defend, at all costs and by all means, the property of our people over a strategic asset necessary for national reconstruction and the overcoming of the worst humanitarian crisis ever seen in the history of our region.