Taxonomy: Implementing Jurisdiction - Venezuela
Venezuela: Partial liberalisation of foreign exchange controls
Description
On July 19, 2012, the Bolivian Republic of Venezuela (according to Convenio Cambiatorio Nr 20/14.07.2012, published in Official Gazette Nr. 39.968/19.07.2012) partially liberalised its foreign exchange controls in place since 2003.Venezuela: Expropriation of a Mexican food producer
Description
On 13 May 2010 the Venezuelan Government took over the Mexican food company Groma.Venezuela: Expropriation of American-Italian fertilizer producer
Description
On 4 October 2010 the Venezuelan Government took over a fertilizer producer, Fertilizantes Nitrogenados de Oriente (FertiNitro), which is partly owned by a company from the US (Koch Industries), and by a company called Saipem, a subsidiary of ItalVenezuela: Expropriation of a Spanish-Venezuelan agricultural company
Description
On 4 October 2010 the Venezuelan Government announced expropriation of the land belonging to the Spanish-Venezuelan agricultural company, Agroislena.Venezuela: Expropriation of gold mining sector
Description
On 18 August 2011, the Presidency of Venezuela announced its intention to expropriate the domestic gold industry. The Venezuelan President Hugo Chavez has signed the necessary decree on 23 August 2011.Venezuela: Expropriation of American glass manufacturer
Description
On 25 October 2010, Venezuelan President ordered the nationalisation of the local branch of US American glass manufactuer Owens Illionois. Mr Chavez cited environmental concerns and work force treatment as reasons for the expropriation.Venezuela: Cap on gold exports raised
Description
On 11 August 2010, the government of Venezuela raised its cap on gold exports. Registered companies now may export up to 50 percent of their production, selling the other half to the National Bank of Venezuela.Venezuela: Government decrees compulsory acquisition of business assets National Molinos CA (MONACA)
Description
In the Official Gazette N ° 39 422 contained 12 May Decree No. 79 394 of April 25, 2010, by which the national executive decided the compulsory acquisition of movable and immovable property belonging to the enterprise MONACA.Venezuela: Import licences for passenger vehicles
Description
Early in 2009, the Venezuelan government announced that it would reduce the number of imported vehicles to 30'000, down from 130'000 the previous year. Since then, the responsible ministry has awarded import licences to selected trading partners.Venezuela: Official fund to promote import substitution and export projects
Description
On 13 January 2010, the government of Venezuela announced the creation of the Fondo Bicentenario to promote import substituting as well as export-related projects.
