ANNOUNCEMENT 13 Jun 2013

In June 2013, the government of Venezuela announced altered domestic business conditions for foreign investors.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



Resolution No. 067-13 (in Spanish),
http://www.tsj.gov.ve/gaceta/Junio/1962013/1962013-3727.pdf#page=2


Inception date: 19 Jun 2013 | Removal date: open ended
Still in force

FDI: Treatment and operations, nes

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.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A