José Ignacio
Hernández G.

On June 10, 2026, OFAC published amended versions of General Licenses 46C, 47A, 48B, 50B, 51B, 52A, and 54A for the Venezuelan extractive sectors. The changes clarify and modify aspects of the governing law and the dispute-resolution mechanism, both of which have raised issues under Venezuelan law. The original licenses provided that the contracts signed… Continue reading The Regulatory Changes in the Governing Law and Dispute Resolution of Venezuelan Oil, Gas, and Mining Contracts

According to a news report, the draft oil contract prepared following the organic hydrocarbons law reform is under review amid increased investor concerns. A U.S. government delegation is set to travel to Caracas.  The concerns are well-founded. The core of the reform approved in January 2026 is to transfer the operation of oil activities from PDVSA’s affiliates and joint ventures to… Continue reading How to eliminate the risk of the “expropriation clause” in the new Venezuelan oil contract model

The announcement by Venezuela’s Sectoral Vice-Presidency for Economy regarding the launch of the public-debt restructuring, together with the press release — in English — by the financial-advisory firm Centerview, has generated a range of debates, particularly among economists. Beyond the economic considerations, there is a legal dimension that should not be overlooked. In essence, the announced restructuring is, first… Continue reading Untangling the Knot of the Venezuela´s Public Debt: Legal Notes on the Reestructuring Announcement

La Oficina de Control de Activos Extranjeros (OFAC) del Departamento del Tesoro de Estados Unidos, dictó el 5 de mayo de 2026 la licencia general 58 (LG 58), que autoriza al Gobierno de Venezuela a realizar operaciones prohibidas bajo la regulación de las sanciones económicas, para la contratación de servicios profesionales relacionados con la reestructuración… Continue reading La Licencia General 58 y la reestructuración de  la deuda pública venezolana: algunas implicaciones legales

On May 5, 2026, the Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury issued General License 58 (GL 58), authorizing the Government of Venezuela to engage in transactions otherwise prohibited under U.S. sanctions regulations for the purpose of contracting professional services related to the restructuring of its public debt. Despite… Continue reading OFAC General License 58 and the Restructuring of Venezuelan Debt. Some legal implications.

El Derecho administrativo como el filtro de las políticas públicas Al diseñar políticas públicas para impulsar el desarrollo, se incluyen entre las variables a considerar elementos de índole jurídica, en especial los relacionados con el Estado de Derecho y, en términos más amplios, con la gobernanza. Pero este interés presta más atención a las piezas… Continue reading Hacia un nuevo Derecho administrativo para la promoción del desarrollo: una perspectiva interamericana