By Karin Strohecker LONDON, May 15 (Reuters) - Venezuela launched a "comprehensive public debt restructuring" on Wednesday, but still faces major hurdles to pull off one of the largest and most complex sovereign reworks on record.

The Venezuelan government on Wednesday announced the formal launch of an “integral and orderly” restructuring of the country's public external debt and that of the state oil company PDVSA, in the most concrete step by acting President Delcy Rodríguez's administration toward financial normalization after nearly a decade in default.

Learn how company restructuring can adjust debt, operations, and structure to overcome financial challenges. Includes steps, examples, and necessary considerations.

(Reuters) -The legal framework surrounding private-sector-owned sovereign debt has proven largely effective, especially for bonded debt, but gaps remain for loans and collateralized debt and restructurings have become longer and more complex, the ...