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 7.472 (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=12 (pages 377.034 to 377.036)
Website of the Venezuelan Ministry of Agriculture and Land, Central Azucarero Santa Elena:
http://cvaazucar.gob.ve/index.php?option=com_content&view=article&id=203&Itemid=241


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 7.472) on the forced acquisition of the sugar mill Industria Azucarera Santa Elena, which is owned by an Guatemalan company.
The decree was published in the Official Gazette of the Bolivarian Republic of Venezuela on June 8, 2010.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A