ANNOUNCEMENT 25 Oct 2010In October 2010, the government of Venezuela announced altered domestic business conditions for foreign investors.
NUMBER OF INTERVENTIONS
Oficial Gazette. (2010). Decreto 7751. Available at http://www.tsj.gov.ve/gaceta/Octubre/26102010/26102010-2981.pdf#page=4
Financial Times. (2010). Ch?vez nationalises local arm of US company. Available at http://www.ft.com/cms/s/0/47946636-e0b1-11df-abc1-00144feabdc0.html
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.