José P. Barnola, Jr.

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Venezuela: New rules on the extended liability of producers, importers and distributors of containers, paper packaging and wrapping, cardboard, plastic, disposable glass and tires

Venezuela - December 15 2020 The Ministry of Popular Power for Ecosocialism ("Ministry") issued Resolution No. 0191 ("Resolution")1, by which it established the rules on…

Douvelin Serra, Maria Diaz Perez.

Venezuela: Carabobo state fixed the new value of the State Tax Amount (ITE) in Petros for the payment of state taxes and their accessories

Venezuela - December 8 2020 The Governor of the Carabobo state issued Decree No. 1,557 ("Decree"),[1] whereby it set the value of the Special Tax Amount ("ITE") in 0…

Douvelin Serra.

Venezuela: The Central Bank of Venezuela suspended banking products and services that facilitate the payment of foreign currencies

Venezuela - November 23 2020 On October 9, 2020, the Central Bank of Venezuela ("CBV") ordered the suspension of products and services offered by universal and…

Jesús A. Dávila, María de Los Angeles Celis.

Venezuela: The Central Bank of Venezuela suspended banking products and services that facilitate the payment of foreign currencies

Venezuela - October 22 2020 On October 9, 2020, the Central Bank of Venezuela ("CBV") ordered the suspension of products and services offered by universal and…

Jesús A. Dávila, María de Los Angeles Celis.

Decentralized Finance (Defi) is Coming to Venezuela With the Venezuelan Securities Authority’s Authorization of the Operation of a Decentralized Electronic Stock Exchange

Venezuela - October 19 2020 On September 28, 2020, the National Office of the Superintendent of Securities (“SUNAVAL”) issued administrative guidelines under which it authorized…

Jesús A. Dávila, Marie Roschelle Quintero.