On April 8th, 2026, the Organic Law for the Expedition and Optimization of Administrative Procedures (hereinafter the “Law”) was published in the Extraordinary Official Gazette No. […]

On January 22nd, 2026, the Organic Draft Bill for the Protection of Socioeconomic Rights (hereinafter, the “Draft Bill”) was approved in its first discussion. The purpose […]

On January 29, 2026, Venezuela ́s National Assembly sanctioned a material amendment to the Hydrocarbons Law (Ley de Reforma de la Ley Orgánica de los Hidrocarburos) […]

On January 29, 2026, OFAC issued License 46 Authorizing Certain Activities Involving Venezuelan-Origin Oil. This is OFAC´s first general license authorizing with certain oil operations and […]

Foreign currency obligations are those in which a currency other than the legal tender in the place of payment is used as the currency of account […]