Global Trade Alert
Global Trade Alert

Venezuela: Nationalisation of a hotel owned by the American hotel company Hilton

Announcement

06 Oct 2009

In October 2009, 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

Implementation date

06 Oct 2009

Revocation date:

No revocation date

Updated: 06 Oct 2009
FDI: Treatment and operations, nes In force
On October 6, 2009, the Venezuelan President Hugo Chavez issued a decree (Decree No 6.962) on the nationalisation and expropriation of a hotel owned by the American company Hilton. The hotel now opera...
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