During a pro-government march in Venezuela, a man holds a sign that reads in Spanish, “They attack for oil.” Photo: AP
While some American companies are hopeful that a regime change in Venezuela will open the door for new business transactions with the country, others are scrutinizing their dealings with Venezuela's state-owned oil company PDVSA and its subsidiaries to determine their level of exposure to sanctions risks, according to international trade lawyers.
February 04, 2019 at 04:58 PM
1 minute read
The original version of this story was published on Corpcounsel/corpcounsel
With the U.S. and E.U. countries endorsing regime change in Venezuela, international trade lawyers are looking for potential new business opportunities while checking on the latest sanctions.
In January, the U.S. announced it would impose new sanctions on Venezuela’s state-owned oil company Petroleos de Venezuela SA, or PDVSA, the parent of Citgo and several other subsidiaries, as part of an effort to pressure Venezuelan President Nicolas Maduro to resign.
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