Global Trade Alert
Global Trade Alert

Venezuela: Nationalisation of Assets of a Russian-Canadian Mining Company

Announcement

23 Aug 2011

In August 2011, the government of Venezuela announced altered domestic business conditions for foreign investors.

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

1 in force

Implementation date

23 Aug 2011

Revocation date:

No revocation date

FDI: Treatment and operations, nes In force

On August 23, 2011, the Venezuelan President Hugo Chavez introduced a regulation (Decree No 8.413) on the nationalisation and expropriation, without compensation, of assets and mining concessions owne...

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