ANNOUNCED AS TEMPORARYNo
FDI: Treatment and operations, nes
On January 21, 2010 the Venezuelan National Assembly passed a law that facilitates for the executive power to nationalise and expropriate enterprises that are considered to be of general interest.
This modification of the existing law was requested by President Chavez on January 17, 2010 to manage the consequences of the devaluation of the Venezuelan currency, that is, to be able to expropriate companies that had to sharply increase their prices after the devaluation of the local currency.
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