Developments in Venezuela are raising new considerations for companies with operations in Venezuela and those that are considering business opportunities there, both in the energy sector and beyond. Finding the intersection of risk mitigation and opportunity requires understanding and balancing the legal, geopolitical and practical challenges that lie ahead. If you missed our first webinar on January 16, we’ve shared our key takeaways from the discussion here.
On January 12, 2026, the US House of Representatives passed the Remote Access Security Act (H.R. 2683), which would amend the Export Control Reform Act of 2018 (“ECRA”) to authorize the extension of existing export controls to the remote access of US goods, software, or technology, if a determination is made that “the use of the item could pose a serious risk to the national security or foreign policy of the United States.” The House…
On Friday, January 9, 2026, US President Donald Trump issued an Executive Order (“EO”) to exempt Venezuelan oil revenues and funds derived from diluent sales held in US Treasury accounts/funds on behalf of the Government of Venezuela (defined in the EO as “Foreign Government Deposit Funds”) from attachment or other judicial process. The White House also issued a corresponding Fact Sheet summarizing the EO and outlining the Trump Administration’s related policy objectives. The EO states…
Baker McKenzie is pleased to invite you to our upcoming webinar on the evolving business and legal environment in Venezuela.Join our panel of leading lawyers from our offices in the United States and Venezuela. We are one of the few international law firms with an uninterrupted presence in Venezuela, having established our Caracas office 70 years ago.The discussion will cover: Our live, one-hour webinar will be held via Zoom on Friday, 16 January at 11 AM…