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By John Guarin

The global pandemic forced Latin American governments to focus on social welfare and plan vaccine deployment for their populations in the second half of 2020. The time to start covering these expenses has come, and there are different approaches being followed – all of which, not surprisingly, are geared towards adding revenue to national coffers.Continue Reading Tax Insights: Inaugural Newsletter for LatAm Developments

By: 

Robert J. Gruendel, Mark A. Waite, Deanna R. Reitman

The United States District Court for the District of Delaware has issued an order and supporting lengthy opinion allowing a judgment creditor holding a

Continue Reading $1.2B order entered against Petroleos de Venezuela: Q&As for PDVSA and Citgo commodity commercial and trading counterparties

Authored by The Cohen Group

  • On July 26, the Department of Treasury’s Office of Foreign Assets Control (OFAC) designated 13 current and former Venezuelan government officials, including: Elias Jaua, former foreign minister; Tibisay Lucena, president of the National Electoral Council; and Simon Zerpa, vice president of finance of state oil producer PDVSA. The sanctions are part of increased pressure by the United States to stop the Venezuelan government from holding elections on July 30 for a “constituent assembly” that would re-write the country’s constitution. We expect the Venezuelan government will move forward with the vote, prompting the United States to escalate with possible sectoral sanctions.

More implications of the current crisis, please read below.
Continue Reading Looming Crisis in Venezuela