ANNOUNCEMENT 08 Jun 2010

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

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



Decree No 7.473 (June 8, 2010) published in the Official Gazette of the Bolivarian Republic of Venezuela (Gazeta Oficial de la Republica Bolivariana de Venezuela, Numero 39.441, Martes 8 de Junio de 2010):
http://www.tsj.gov.ve/gaceta/Junio/862010/862010-2868.pdf#page=2 (pages 377.037 to 377.039)
Website of the Venezuelan Ministry of Agriculture and Land, Central Azucarero Santa Clara: http://www.minpal.gob.ve/index.php?option=com_content&task=view&id=199&Itemid=4


Inception date: 08 Jun 2010 | Removal date: open ended
Still in force

FDI: Treatment and operations, nes

On June 8, 2010, the Venezuelan President Hugo Chavez adopted a decree (Decree No 7.473) on the forced acquisition of the sugar mill Industria Azucarera Santa Clara, that is owned by an American company.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A