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.
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…
The validity period of the general license authorizing certain payments with the Russian Central Bank and others has been extended. Specifically, on January 6, 2026, the US Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) reissued General License 13P (“GL 13P”), “Authorizing Certain Administrative Transactions Prohibited by Directive 4 under Executive Order 14024,” extending the validity period until 12:01 a.m. Eastern time on April 9, 2026. GL 13P authorizes US Persons to engage…
Ongoing developments in Venezuela raise critical business and legal questions for companies that do or are considering doing business in Venezuela. Public attention currently focuses on energy companies because of Venezuela’s vast oil reserves, but the US government has also announced that it will be promoting the rebuilding or modernization of electricity and infrastructure in Venezuela, all of which could result in significant business opportunities for other business sectors, including banking, mining, construction, manufacturing, transportation,…