Main menu

Venezuela: What Comes after Default?

Americas Society / Council of the Americas

October 25, 2018


(Image: AdobeStock)

October and November will be crucial for Venezuela’s state-owned oil company, PDVSA. The company faces two payments: PDVSA’s $840 million amortization of its 2020 bond this month and the first installment, worth $500 million, of the Conoco agreement in November, plus a ruling on the Crystallex appeal case. Meanwhile, the country’s oil production remains stagnant at record-low levels. In this context, AS/COA will host four leading experts for an off-the-record conversation on possible scenarios, with a focus on legal actions by bondholders and the overall outlook for Venezuela’s energy sector, and a discussion about sanctions.

This event is part of AS/COA’s Venezuela Working Group Series.

NOTE: This event is private and off-the-record.
Space is limited.

Free for AS, COA Corporate Members, AS and COA Board, CIAC, President's Circle, and YPA members.
$100 for nonmembers.


  • Nicole Erb, Partner, White & Case LLP
  • Luisa Palacios, Head of Latin America, Medley Global Advisors LLC
  • Mark Walker, Senior Managing Director, Guggenheim Securities LLC
  • Benjamin Ramsey, Executive Director, Latin America Research, J.P. Morgan (moderator)

Event Information: Rodrigo Riaza | | 1-212-277-8376
Sponsorship Opportunities: Ana Calderon | | 1-212-277-8358
Membership Information: Mila Fontana | | 1-212-277-8331
Press Inquiries:
Cancellation: Please contact Juan Serrano-Badrena at before 3:00 p.m. on Wednesday, October 24.

Nicole Erb

Partner, White & Case LLP

Nicole Erb is a partner at White & Cas LLP, where she co-leads the international practice. She is one of eight partners on the firm's Global Partnership Committee, a partner-elected governance body. Erb previously served as chair of the firm's Global Women's Initiative Committee. She routinely represents clients before the Department of the Treasury's Office of Foreign Assets Control (OFAC), the Department of Commerce's Bureau of Industry and Security (BIS), the Department of Justice, and the Department of State. Erb advises clients on U.S.

Read More

Luisa Palacios

Head of Latin America macro and energy research, Medley Global Advisors

Luisa Palacios is the head of Latin America Macro and Energy Research at Medley Global Advisors. She is also a visiting professor at the Center for Energy Studies at the MBA School of the Instituto de Estudios Superiores de Administración in Caracas, Venezuela. Previously, Palacios was a Latin America macro strategist in the emerging markets research group at Barclays Capital. She was a senior economist for the Japan Bank of International Cooperation, where she focused on Latin American energy and Chinese-Latin American economic relations.

Read More

Mark Walker

Senior Managing Director, Guggenheim Securities LLC

Mark Walker is senior managing director at Guggenheim Securities, LLC. Previously, Walker was managing director and head of sovereign advisory at Millstein & Co. He was also managing director at Rothschild London from 2012 to 2014 and a senior advisor at Lazard Paris from 2011 to 2012. Walker was a partner at Cleary Gottlieb Steen and Hamilton LLP from 1975 to 2011 and the firm’s global managing partner from 2005 to 2011.

Read More

Ben Ramsey

Executive Director, Latin America Research, J.P. Morgan

Ben Ramsey is an executive director in the Latin America research group at J.P. Morgan, where he leads the Latin America economic research team and is responsible for economics and sovereign debt analysis for the Northern Andean region. Ramsey first joined the J.P. Morgan Chase EM research team in 2000, and in 2002 he worked in J.P. Morgan’s São Paulo office. He has covered sovereign credit events and restructurings in the Dominican Republic (2005), Ecuador (2009), and Venezuela (2017). He is a regular contributor to J.P.

Read More