This Episode Will Become Void in 3...2...1
Prescription clauses say bondholder claims are "void" or "prescribed" unless presented for payment within some period of time. Six months ago, we barely knew these clauses existed. Now, dueling contenders to represent the Venezuelan government are publicly arguing about what the clauses mean. We talk about Venezuela's very unusual prescription clauses. What do they mean? Actually, do the clauses even exist? No guest this episode.
The report mentioned in this episode can be found here: https://tinyurl.com/y5z2kbzu
Producer: Leanna Doty