The National Assembly issued a Law that authorizes the President of the Republic to issue Decrees with the Status, Value, and Force of Law on the delegated matters, for purposes of the Reinforced Guarantee of the Rights of Sovereignty and Protection of Venezuelan People and the Republic’s Constitutional Order. Said Law was published in Official Gazette No. 6,178 Extraordinary of March 15, 2015
The enabling power granted to the President of the Republic to issue Decrees with the Status, Value, and Force of Law will be effective from the date of publication of the Law in the Official Gazette to December 31, 2015.
The Enabling Law became effective upon its publication in the Official Gazette.
In order to access the Enabling Law, please click here.
“NOTE: THIS INFORMATION SHOULD NOT BE CONSTRUED AS LEGAL ADVICE ON ANY SPECIFIC MATTER AND ITS CONTENT ARE INTENDED AS A MANAGEMENT ALERT AS TO CURRENT DEVELOPMENTS IN VENEZUELA, ANY SPECIFIC LEGAL QUESTIONS REGARDING THE POSSIBLE APPLICATION OF NEW OR PROPOSED LEGISLATION TO PARTICULAR SITUATIONS SHOULD BE ADDRESSED TO TRAVIESO EVANS ARRIA RENGEL & PAZ.”