Why else wouldn't they be pushing to get the award recogonised in the US.

• The government has gone to extraordinary lengths to avoid default. [1]
• one of the world's leading sovereign debt restructuring lawyers has warned that Venezuela would face an Argentina-style legal drama if it default [2]

JJ, my "conspiracy" theory is that there are players with bigger stakes at the VZ table (Chinese, Russians, CIA?), and this action could potentially trigger a sovereign default that would result in a unwanted scenario for at least one of these players.

If this is true, then Tenor is already in closed-door negotiations.

[1] https://www.nytimes.com/2016/12/21/opinion/why-venezuela-should-default.html

[2] http://www.postwesternworld.com/2016/02/13/venezuela-declared-historical/