ANNOUNCEMENT 04 Oct 2010

In October 2010, the government of Venezuela announced altered domestic business conditions for foreign investors.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



http://www.tsj.gov.ve/gaceta/gacetaoficial.asp

Decree No.7.713, published in the Official Gazette, No. 39.528, 11 October 2010.


Inception date: 11 Oct 2010 | Removal date: open ended
Still in force

FDI: Treatment and operations, nes

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 Italy's Eni.
 

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A