Breitbart-
One of China’s largest state-owned companies has filed a lawsuit against the Venezuelan state-run oil firm Petroleum of Venezuela (PDSVA) over their failure to pay their debt, the Financial Times first reported.
The oil and gas company Sinopec filed a lawsuit on November 27 in a Houston, Texas, federal court for $23.7 million plus interest and damages over Venezuela’s failure to pay half of a $43.5 million order for steel products, accusing the PDSVA of a “disingenuous nature [and] feigned promises to make full payment.”
It also alleges PDVSA “hid behind a complicated series of subsidiaries and affiliates,” adding that some PDVSA-affiliated companies “were acting in concert to defraud Sinopec.”
The disputed amount is only a fraction of Venezuela’s total debt burden, which according to a recent paper published by the Harvard Law Roundtable amounts to $190 billion, with the troubled country recently entering default on a number of its piling debts.
So Communism is suing Socialism, over an infraction of Capitalism?
Let’s send Bernie down there to help them fix it.
Sure, Bernie would like a few luxury villas on the Venezuela coast.
Why in U.S. Federal court? Why not in the International Court or the like. Aren’t our courts over-taxed? They say they are.
Whut… did the Chinese come up with a way to get blood out of a turnip?
And no, China will *not* accept payment in tequeños
https://www.thespruce.com/venezuelan-food-3029268
The United States has absolutely no jurisdiction over Venezuela. I guess I’ll let crap about how smart the Chinese are just went out the window. The judge should just throw that out.
Any wonder why the military took over PDVSA? It no longer exists!! Fuck you China.