Venezuela

Venezuela is located in the northern coast of South America, comprised of a continental landmass and smaller outlying islands. Caracas is the capital and largest city. The Venezuelan territory was originally  colonized by Spain in 1522, and in 1811, became one of the first Spanish-American countries to declare independence. Independence, however, was not finalized until 1822, with the formation of Gran Colombia, and gained full independence in 1830.

Venezuela is a charter member of the UN, LAIA, OEI, UNASUR, ALBA, and OAS. The country is a federal republic, made up of 23 states, federal dependencies, and the Capital District. Oil was discovered in the 20th century, and today the country has the  largest known oil reserves and is leader in oil exportation worldwide.

The President of the country is elected by popular vote and Venezuela has universal suffrage. The President is head of state and government, with a 6-year term in office. Presidents can be reelected unlimited times by popular vote after completed terms. The President appoints a Vice President and defines the cabinet size during their Presidential term.

In Venezuela, the legal system belongs to the the Continental Law tradition. The Supreme Tribunal of Justice  is the highest judicial body in the country, and magistrates are elected every 2-years by parliament. Electoral processes are headed by the  National Electoral Council, comprised of 5-members, elected by the National Assembly. Venezuela was the first country in the world to abolish the death penalty in 1863.

Visitors of the National Law Review will find the latest news, stories, and legal updates from the country of Venezuela online. Political sanctions, embargoes and trade, travel restrictions, and news related to import/export of oil and petroleum, are among the stories covered online. Visitors of the National Law Review will find the latest stories affecting residents of the country, as well as international relations with other countries around the world.

Custom text Title Organization
Oct
8
2019
Court Of Chancery Applies Political Question Doctrine In Deferring To U.S. President’s Recognition Of Venezuelan President And Holds That Extra-territorial Effects Do Not Preclude Application Of The Act Of State Doctrine K&L Gates
Sep
9
2019
President Trump’s Aug. 5, 2019 Executive Order: “Blocking Property of the Venezuelan Government” Squire Patton Boggs (US) LLP
Aug
1
2019
Section 301: Risk in Latin America? Squire Patton Boggs (US) LLP
Jul
31
2019
Could Venezuelans Gain TPS Eligibility? Jackson Lewis P.C.
Jul
26
2019
House passes TPS for Venezuela Greenberg Traurig, LLP
Jun
22
2019
United States Recognizes Venezuelan National Assembly Decree Extending Validity of Venezuelan Passports Greenberg Traurig, LLP
Jun
21
2019
FinCEN’s Evolving Approach to Lurking Threats in Money Laundering and Terrorist Financing: Director Blanco’s Remarks at NYU Law Ballard Spahr LLP
Mar
15
2019
D.C. Circuit Court Affirms $1.2 Billion Arbitration Award to Gold-Mining Company Carlton Fields
Dec
9
2018
Another Sprawling Money Laundering and Bribery Scheme Involving Venezuela: Currency Exchange Rate Manipulation, Rewarded By Aircraft, Real Estate, and Thoroughbred Horses Ballard Spahr LLP
Sep
13
2018
H.R. 4606 – A Bill Aiming to Increase U.S. Exports of Natural Gas to the Caribbean and Latin America Clears the House of Representatives and is Now Headed to the Senate Squire Patton Boggs (US) LLP
Aug
27
2018
Update: First Defendant Pleads and Agrees to Cooperate in $1.2 Billion Alleged Venezuelan Laundering Scheme Ballard Spahr LLP
Jun
26
2018
Supreme Court Upholds Travel Ban 3.0 Jackson Lewis P.C.
Mar
28
2018
U.S. Bans Venezuela’s Oil-Backed Virtual Currency, “Petro,” and Announces Plans to Publish SDNs’ Virtual Currency Addresses Ballard Spahr LLP
Mar
15
2018
Travel Ban 3.0 Updated: DOS Waiver Process Jackson Lewis P.C.
Feb
14
2018
UK Implements EU’s Venezuela Sanctions Regime Squire Patton Boggs (US) LLP
Feb
14
2018
OFAC Announces New Venezuela-Related Designations Squire Patton Boggs (US) LLP
Feb
14
2018
EU Adds Seven Venezuelan Officials to Restrictive Measures List Squire Patton Boggs (US) LLP
Jan
31
2018
Split Third Circuit Holds Transfer By Non-Debtor Cannot Be Fraudulent Transfer Mintz
Dec
29
2017
New Venezuela-Related Frequently Asked Questions Squire Patton Boggs (US) LLP
Dec
29
2017
UK Introduces Regulations in Light of EU Sanctions on Venezuela Squire Patton Boggs (US) LLP
Dec
29
2017
EU Imposes Restrictive Measures, Including Arms Embargo on Venezuela Squire Patton Boggs (US) LLP
Oct
3
2017
Travel Ban, Take 3 Womble Bond Dickinson (US) LLP
Oct
3
2017
Breaking News: President Trump Imposes Travel Restrictions against North Korea, Chad, and Venezuela and Removes Restrictions against Sudan; United States Supreme Court Cancels Oral Arguments in Pending Travel Ban Case Hunton Andrews Kurth
Oct
2
2017
Implications Arising from the Recent Venezuelan Sanctions Morgan, Lewis & Bockius LLP
Sep
29
2017
Travel Ban Expires, Replaced by Presidential Proclamation Restricting Travel for Certain Nationals of Chad, Iran, Libya, North Korea, Syria, Venezuela, Yemen, and Somalia Dickinson Wright PLLC
Sep
26
2017
President Trump Orders Enhanced Visa and Travel Restrictions Morgan, Lewis & Bockius LLP
Sep
26
2017
President Trump Replaces Expired Travel Ban With New Restrictions on Eight Countries Ogletree, Deakins, Nash, Smoak & Stewart, P.C.
Sep
25
2017
Third Time is the Charm?: New Presidential Proclamation Replaces Expiring Portions of Travel Ban Squire Patton Boggs (US) LLP
Sep
25
2017
Trump Issues Country-Specific Travel Ban Jackson Lewis P.C.
Aug
29
2017
Increased Sanctions on Venezuela Place Heavy Burden on Compliance Programs at Financial Institutions Holland & Hart LLP
Jun
21
2017
Venezuela Mines for a Reversal in Federal Appeals Court Proskauer Rose LLP
Mar
6
2017
OFAC Targets Venezuelan Executive Vice President and Others Under Drug Trafficking Sanctions Squire Patton Boggs (US) LLP
Sep
27
2016
Minimizing Tax on Gain from the Sale of Stock of Latin American Controlled Foreign Corporations Bilzin Sumberg
Aug
31
2016
Upcoming Supreme Court Docket Includes Cases to Watch for Commercial Lawyers Barnes & Thornburg LLP
Jul
21
2016
Iran Legislative Action, Venezuela Sanctions Bill, TTIP: Trade Talk (11-16 July 2016 Squire Patton Boggs (US) LLP
 

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