US court vacates default judgment against Venezuela because US sanctions made it impossible to enforce

13 May 2025

US court vacates default judgment against Venezuela because US sanctions made it impossible to enforcesharpner/Shutterstock.com

The Southern District Court of New York has granted an application by Pharo Gaia Fund, Ltd., Pharo Macro Fund, Ltd., and Pharo Trading Fund, Ltd. to vacate a default judgment awarded in its favour...

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Maya Lester KC

Maya Lester KC is a senior barrister (King’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human rights & civil liberties. She has a particular expertise in sanctions. She is the…

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