The New Paper: Contractual Reconstruction of the Venezuelan Oil Sector

The LOH reform, Decree 5,381, the CPP model contract and the migration deadline: what the new instruments are worth, who bears the legal risk, and how they interact with the restructuring perimeter. Nine parts on the re-papering of the Venezuelan oil sector, from the pre-reform contractual estate and the repeal schedule to the governing-law fracture with the OFAC licence lattice, the migration window that closed on 28 July, durability and reversal risk, the four interfaces with the $240 billion liability perimeter, and eight watchpoints.