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By: Ignacio E. Sanchez and Melanie Garcia

The United States government has issued new sanctions in response to the growing unrest in Venezuela. On January 23, the United States recognized Juan Guaido as the new…
Continue Reading US government sanctions Petróleos de Venezuela, authorizes US persons to engage in certain limited transactions

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

Mexico has signed the Convention on the Settlement of Investment Disputes between States and National of other States, better known as the Washington Convention or theICSID Convention. This important development is expected to make Mexico…
Continue Reading Investment Protection in Latin America: Mexico Takes One Step Forward, Venezuela Takes Two Steps Back

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