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President Hugo Chávez yesterday announced his policy for his third term in office. He heralded a "new era" in the transformation of Venezuela to socialism: the "Simón Bolívar national project 2007-2021." The project contemplates the nationalization of strategic industry sectors, such as telecommunications and electricity, through special powers to be sought from the Legislature.

El presente boletín representa una descripción general de aspectos relevantes de la Ley y no constituye una opinión legal dirigida a atender una situación específica.