Financial institutions are warned to exercise the appropriate caution when conducting business in Venezuela.

Both amended general licenses went into effect on January 17, 2020.

In the midst of the political dispute for control of the National Assembly, the prospect of enacting game-changing labour laws for the year 2020 seems remote.

The Central Bank of Venezuela published Exchange Agreement No. 35 in Official Gazette No. 40,865 of March 9, 2016, establishing the rules governing the foreign exchange administration regime (Exchange Agreement No. 35).

The Presidency of the Republic published in the Official Gazette No. 6,211 Extraordinary, dated December 30, 2015, Decree No. 2,179, with Rank, Value and Force of Law, the Reform of the Venezuelan Central Bank Law.

The Presidency of the Republic published in the Official Gazette No. 6,210 Extraordinary, dated December 30, 2015, Decree No. 2,167, with Rank, Value and Force of Law, against Exchange Control Violations.

Venezuela started including collective action clauses (CACs) in its international bonds issued under New York law in 2003. Currently, Venezuelan international bonds that include CACs represent an aggregate principal amount of approximately U.S.$ 4.17 billion out of a total principal of foreign external indebtedness of approximately U.S.$ 24 billion (excluding foreign external indebtedness of Venezuelan quasi-sovereigns such as Petróleos de Venezuela, S.A.).

En Gaceta Oficial de la República Bolivariana de Venezuela N° 6.210 Extraordinario del 30 de diciembre de 2015, fue publicado el Decreto con Rango, Valor y Fuerza de Ley del Régimen Cambiario y sus Ilícitos.