Venezuela: Nationalization of foreign stores following amended law
Description
The National Assembly (legislature) passed amendments to the Law of the People Access to Goods and Services (formerly the Consumer Protection Act and the User), through which incorporates as grounds for the nationalization of a company to the repeated violation of the provisions relating to price fixing to consumers.
According to an announcement by the President of the Republic, once enacted the amended Law shall be used to nationalise the chain-store "Success," which is of Franco-Colombian origin.
Any Evidence-Based Deliberation:
| Question | Result |
|---|---|
| Is there anything in the public record to suggest that evidence of the effectiveness of the proposed measure was considered during official deliberations? | |
| Is there any evidence that alternatives to the proposed measure were considered? | |
| Is there anything in the public record that suggests that empirical evidence informed the comparison across the alternatives available to government? | |
| Was such evidence identified? | |
| Is such evidence publicly available? | |
| Did the official decision-maker in question provide an explanation as to why a chosen measure was favoured over alternatives? | |
| Is there any evidence to suggest that potentially affected trading partners were consulted before the measures were taken? | |
| Is there any evidence that safeguards have been put in place to ensure that implementation of the initiative is transparent and non-discriminatory? | |
| Did the government state its intention to review the measure within one year of implementation? |
Date Discovered: 17/01/2010
Implemented: Yes
Date of inception: 19 Jan 2010
Duration: 36 months
GTA Evaluation: Red
Source:
Government Response:
- 164 reads
