John Williams Comments in Wall Street Journal Article, “Investors Holding Venezuela Default Protection Get $1 Billion Payday.”

Milbank partner John Williams recently commented in The Wall Street Journal article, “Investors Holding Venezuela Default Protection Get $1 Billion Payday.” In an article about how investors who hold insurance-like derivatives against a Venezuelan default will receive a payout following a financial industry panel ruling, Mr. Williams states that, “An investor interested in getting a seat at the table in a possible restructuring will see this as an opportunity to get a larger chunk of this debt.”