Debt restructuring battle is brewing over Venezuela

Law firms, hedge funds and a secretive Mexican billionaire are jockeying for position

Battle lines are being drawn in what promises to be the most complex government bankruptcy in history. And in the shadows lurks a secretive Mexican billionaire who might emerge as a pivotal figure in the upcoming fight.

President Nicolás Maduro earlier this month admitted the country needed to restructure its foreign debts, and after an inauspicious initial meeting with creditors, the government has begun hiring advisers to help guide it through what promises to be a messy situation.

Read more at https://www.ft.com/content/ede8177a-cd90-11e7-b781-794ce08b24dc