Invest in Venezuela

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Legal Environment / International Legal Framework

International Legal Framework

Legal Framework

    1. International

    Since the 90’s,  Venezuela has subscribe up to 27 promotion and protection agreements with different countries of the hemisphere, under international standards and criteria for Foreign Investments, establishing principles such as National Treatment and more favorable Nation Treatment. Additionally, provides international arbitration clauses for the settlement of disputes to forums such as International Center for Conflict Settlements referring to investments – CIADI ( only applies the Complementary Mechanism), Ad doc arbitration under the rules of United Nations Commission for International Business Law – UNCITRAL, Paris Trade Chamber, Stockholm Trade Chamber among others.

    Currently, 25 of this types of aspects still on date with the following countries: