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.

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Dec
29
2017
New Venezuela-Related Frequently Asked Questions Squire Patton Boggs (US) LLP
Feb
14
2018
OFAC Announces New Venezuela-Related Designations Squire Patton Boggs (US) LLP
Oct
23
2023
OFAC Pulls Back on Venezuela Sanctions, But Some Sanctions Still Remain Nelson Mullins
Mar
6
2017
OFAC Targets Venezuelan Executive Vice President and Others Under Drug Trafficking Sanctions Squire Patton Boggs (US) LLP
Jun
15
2016
Overview of United States Trade Representative’s 2016 Special 301 Report on State of IPR in Venezuela Michael Best & Friedrich LLP
Jun
24
2014
Pre-Filing Consultation of SEC Staff Regarding Venezuela Operations May Be Appropriate in Certain Circumstances Morgan, Lewis & Bockius LLP
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
9
2019
President Trump’s Aug. 5, 2019 Executive Order: “Blocking Property of the Venezuelan Government” Squire Patton Boggs (US) LLP
Jul
8
2022
Reverse CFIUS? S∩IℲƆ? New Outbound Investment Review Process Becoming More Likely Sheppard, Mullin, Richter & Hampton LLP
Mar
17
2021
Sanctions and Export Control Developments in the First 50 Days of the Biden Administration Vedder Price
Aug
1
2019
Section 301: Risk in Latin America? Squire Patton Boggs (US) LLP
Jul
31
2023
Senators Propose Legislation to Provide Multiple Tools for Combating IP Theft Squire Patton Boggs (US) LLP
Jan
31
2018
Split Third Circuit Holds Transfer By Non-Debtor Cannot Be Fraudulent Transfer Mintz
Jun
26
2018
Supreme Court Upholds Travel Ban 3.0 Jackson Lewis P.C.
Feb
4
2020
The Western Hemisphere | Recap of Early 2020 U.S. Engagement Squire Patton Boggs (US) LLP
Sep
25
2017
Third Time is the Charm?: New Presidential Proclamation Replaces Expiring Portions of Travel Ban Squire Patton Boggs (US) LLP
Sep
28
2023
TPS Extension and Redesignation for Afghanistan and Venezuela Jackson Lewis P.C.
Mar
15
2018
Travel Ban 3.0 Updated: DOS Waiver Process Jackson Lewis P.C.
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
Oct
3
2017
Travel Ban, Take 3 Womble Bond Dickinson (US) LLP
Jan
20
2021
Trump Approves Deferred Deportation for Venezuelans Norris McLaughlin P.A.
Sep
25
2017
Trump Issues Country-Specific Travel Ban Jackson Lewis P.C.
Dec
19
2014
Turnin’ Havana to Atlanta: The White House Opens Doors for U.S. Telecommunications Investment in Cuba and Latin America Sheppard, Mullin, Richter & Hampton LLP
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
Jul
16
2012
U.S. Department of State Expects Record Number of EB-5 Visas to be Issued in 2012 Greenberg Traurig, LLP
Oct
18
2023
U.S. Resumes Deportations of Venezuelan Nationals Crossing the Border Illegally Norris McLaughlin P.A.
May
22
2020
U.S. Tightens Export Controls On China, Russia And Venezuela Barnes & Thornburg LLP
Feb
14
2018
UK Implements EU’s Venezuela Sanctions Regime Squire Patton Boggs (US) LLP
Dec
29
2017
UK Introduces Regulations in Light of EU Sanctions on Venezuela Squire Patton Boggs (US) LLP
Jun
22
2019
United States Recognizes Venezuelan National Assembly Decree Extending Validity of Venezuelan Passports Greenberg Traurig, LLP
Aug
31
2016
Upcoming Supreme Court Docket Includes Cases to Watch for Commercial Lawyers Barnes & Thornburg LLP
Aug
27
2018
Update: First Defendant Pleads and Agrees to Cooperate in $1.2 Billion Alleged Venezuelan Laundering Scheme Ballard Spahr LLP
Mar
13
2021
Update: Venezuelans Eligible for TPS and Corresponding Employment Authorization Jackson Lewis P.C.
Oct
4
2022
US Executive Branch Update – October 3, 2022 Squire Patton Boggs (US) LLP
 

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