Venezuela Hires Hogan Lovells as Counsel for Debt Rework (2)

Venezuela has retained Hogan Lovells US LLP as legal counsel for what is expected to be one of the largest sovereign debt restructurings in decades.

The hiring — made public in a filing published by the Justice Department’s Foreign Agents Registration Act unit on Tuesday — comes less than a month after the government announced it was starting the process to rework an estimated $170 billion of debt that’s been in default since 2017.

The law firm, which has headquarters in Washington and London, said in an email that it has a long history of working with the country and ...