Fernando Peláez-Pier, partner of Hoet Pelaez Castillo & Duque in Venezuela, has been appointed chair of the International Bar Association (IBA)’s Section on Business Law. He took up his new position at the annual IBA conference in Durban on October 24.
The recent accounting scandals have thrown the spotlight on practices within the legal profession and in particular on how conflicts of interest are resolved. Professional liability insurance is virtually unknown in Latin America, and clear standard corporate governance rules are hard to come by. But, as Rachel Youngman discovers, change is underway.
A case brought against the Ford Motor Co and Bridgestone/Firestone Inc by over 100 Venezuelan and Colombian plaintiffs has set a precedent in American and global law.
Lawyers from leading law firms throughout Latin America have been meeting in Caracas to discuss current legal and business issues at Lex Mundi’s American/Caribbean regional conference.
A new general regulation for mining in Venezuela was approved in March 2001. The new law replaces the partial regulations that have been in force since 1944, though substantial changes were introduced in 1999 that laid the groundwork for these latest changes.
The Venezuelan government has acquired a new presidential aircraft from Airbus Industries.
On October 10, 2000 the the launch of Demarcas.com, a website specialising in trademarks and patents, was announced.
Jorge Geza Zzepiaku Otahola was appointed on November 13 to Procompetencia, the Venezuelan antitrust authority, replacing Lelly Milani, who has returned to her post as deputy superintendent.