Market: Venezuela

Venezuela’s Mendoza, Palacios, Acedo, Borjas, Páez Pumar y Cía has hired four partners from fellow Highly Recommended outfit Tinoco Travieso Planchart & Núñez, strengthening its tax and corporate practices.

27 February 2023

Latin Lawyer is delighted to announce the deals shortlisted for the private and public M&A, ESG and private equity categories of our 17th annual Deal of the Year Awards.

24 February 2023

In back-to-back hearings, a Houston federal judge on Wednesday sentenced two oil industry men, Jose Luis De Jongh Atencio and Roberto Enrique Rincón Fernández, to prison time for participating in a far-reaching corruption scheme linked to Venezuelan state oil company Petróleos de Venezuela (PDVSA).

31 January 2023

Travieso Evans Arria Rengel & Paz has made a rare lateral hire in Venezuela, recruiting a corporate and M&A partner from fellow Highly Recommended outfit Tinoco Travieso Planchart & Núñez.

18 January 2023

The Venezuelan National Assembly has removed interim leader Juan Guaidó and installed new leadership to take charge of its foreign assets – potentially creating confusion in the dozens of US enforcement proceedings where he had been recognised as the country’s legitimate president.

10 January 2023

Featured in The Guide to Mergers & Acquisitions - Third Edition

Venezuela has had its fair share of distressed M&A activity in recent years owing to its well-known and continued political and economic crisis. But this surge in distress only began a few years ago as a result of the worsening of the economic crisis and the lack of alternative viable ways for business owners to exit the Venezuelan market.

02 December 2022

Five offices of Gibson Dunn & Crutcher LLP, Cuatrecasas in Madrid and Lisbon, D’Empaire in Caracas and Fabrega Molino in Panama City have helped US wine and spirits company Brown-Forman purchase Venezuelan rum brand Diplomático from its Spanish owner Destillers United Group.

25 October 2022

Featured in The Guide to International Arbitration in Latin America

Today, the countries with the most ICSID cases against them are Argentina and Venezuela. Between them, they account for almost 12 per cent of ICSID’s historical caseload.

15 September 2022

Featured in The Guide to Restructuring - Second Edition

Given the current size of Venezuela’s economy, aggregate claims against the country are equivalent to several multiples of its gross domestic product (GDP).

26 August 2022

The US Department of Justice (DOJ) has charged two financial asset managers for their alleged role in a scheme to launder an estimated US$1.2 billion in funds corruptly obtained from Venezuela’s state oil company, Petróleos de Venezuela (PDVSA).

20 July 2022