José P. Barnola, Jr.
Baker McKenzie
Articles
Venezuela: Banking credits are now denominated solely in Credit Value Units
Venezuela - February 19 2021 On 19 January 2021, the Central Bank of Venezuela (CBV) issued Resolution No. 21-01-02 ("Resolution") that regulates the expression of…
Venezuela: Banking authority prohibits the use of points-of-sale terminals that operate only with international credit and debit cards
Venezuela - February 19 2021 On 9 February 2021, the Office of the National Superintendent for Banking Sector Institutions (SUDEBAN) issued a notice that prohibits…
Venezuela: The Central Bank issued new regulations regarding legal reserve
Venezuela - February 5 2021 On 19 January 2020, the Central Bank of Venezuela (BCV) issued new rules on the constitution of legal reserves of banking institutions…
Venezuela: Banking authority prohibits credit operations from using foreign currency without authorization from this institution and the Central Bank of Venezuela
Venezuela - February 4 2021 On 21 January 2021, the Office of the National Superintendent for Banking Sector Institutions (SUDEBAN) issued a notice that prohibits…
Jesús A. Dávila, María de Los Angeles Celis, Marie Roschelle Quintero.
Venezuela: Carabobo state fixed the new value of the State Tax Amount (ITE) in Petros for the payment of the state taxes and their accessories
Venezuela - January 15 2021 The Governor of the Carabobo state issued Decree No. 1,557 ("Decree"),whereby it set the value of the Special Tax Amount ("ITE") in 0…
