ANNOUNCEMENT 13 Jun 2013In June 2013, the government of Venezuela announced altered domestic business conditions for foreign investors.
NUMBER OF INTERVENTIONS
Resolution No. 067-13 (in Spanish),
On 13 June 2013, Venezuela's Ministry of Finance (Ministerio del Poder Popular de Finanzas) adopted Resolution No. 067-13 revoking the banking license of Banco Pastor, which was taken over by Banco Popular of Spain in 2012.
From the day of the publication of this resolution in the Official Gazette, on 19 June 2013, Banco Pastor was given 30 days to stop all operations.