IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 06 Oct 2009 | Removal date: open ended
Still in force

FDI: Treatment and operations, nes

On October 6, 2009, the Venezuelan President Hugo Chavez issued a decree (Decree No 6.962) on the nationalisation and expropriation of a hotel owned by the American company Hilton. The hotel now operates under the state-owned company Venezolana de Turismo Venetur S.A. with the aim to increase social tourism.
 
This measure is included in the GTA database because the nationalisationwas forced and the compensation (if there is any) for theexpropriation is most likely tothe detriment of foreign commercialinterest.

AFFECTED COUNTRIES

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