Petróleos de Venezuela S.A. v. MUFG Union Bank, N.A.

Decision: n/a

Argument: 2024.01.10 vid. tr.

Does Uniform Commercial Code § 8-110(a)(1) require that the validity of documents governing a bond swap be determined under “the local law of the issuer’s jurisdiction”? Does any principle of New York common law require that a New York court apply local substantive law, rather than New York substantive law, in determining the validity of the governing documents?

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