The National Executive issued Decree No. 4,622 of 9 December 2021,1 extends the validity of Decree No. 4,5252 on Optimization of Export Processes for six months (i.e., until June 2022). The purpose of the Decree is to optimize export processes by streamlining the certificates, permits and licenses required by public administration bodies and entities.
With major vaccine developments in Latin America, including kick-offs for vaccine campaigns, employers should consider whether a vaccination policy is right for their workplace, keeping in mind that such policies implicate a broad range of employment laws and regulations, and that many of these vary from country to country.
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With major vaccine developments in Latin America, including kick-offs for vaccine campaigns, employers should consider whether a vaccination policy is right for their workplace, keeping in mind that such policies implicate a broad range of employment laws and regulations, and that many of these vary from country to country.
The Office of the National Superintendent of Securities authorized the issuance of a minimum of 20 million investment units and a maximum of 40 million with a nominal value of VEF 100 and with a minimum investment amount of VEF 100,000 of the first collective investment entity specialized in the real estate sector, called Fibra One, which is promoted by Fintech Valores Sociedad de Corretaje.
On July 12, 2021, the US Treasury Department’s Office of Foreign Assets Control (“OFAC”) issued Venezuela General License 40 (“GL 40”), “Authorizing Certain Transactions Involving the Exportation or Reexportation of Liquefied Petroleum Gas to Venezuela.” OFAC concurrently issued related FAQs (FAQ 914 and FAQ 915). Our previous blog posts about US sanctions targeting Venezuela are available here.
Welcome to our Virtual Global Trade Conference, a virtual offering for all our clients and friends worldwide. Baker McKenzie’s international trade compliance lawyers from around the world discussed the major developments impacting international trade. The sessions include trade policy, exports, sanctions, customs, China trade developments and trade developments.
The Office of the Superintendent of Banking Sector Institutions issued Resolution No. 001.21 of 4 January 2021 to regulate the financial technology (fintech) services. The Resolution entered into force on 17 June 2021.
The National Executive issued Decree No. 4,619 of 1 June 2021,which establishes an exemption of the payment for the Value Added Tax, Customs Duties and Customs Service Tariff for Determination of the Customs Regime to imports of various goods and merchandise of certain economic sectors.
The National Executive issued the Decree No. 4,619 of 1 June 2021 (“Decree”) which establishes the exemption of the payment for the Value Added Tax (VAT), Customs Duties and Customs Service Tariff for Determination of the Customs Regime to imports of various goods and merchandise of certain economic sectors.
In brief On 19 January 2020, the Central Bank of Venezuela (BCV) issued new rules on the constitution of legal reserves of banking institutions (“Resolution”).1 The Resolution entered into force on 20 January 2020 and repealed the Resolution No. 20-03-01 (Official Gazette No. 41,840 of 30 March 2020). The legal reserve…