Venezuela General License 52B - Authorizing Certain Transactions Involving Petróleos de Venezuela, S.A. (August 27, 2026)

Date issued: Aug. 27 2026

You've hit a wall. Sign in if you have an account, or learn more about TURBOFAC and subscription options.
TURBOFAC is a module of the compliance platform OverRuled. To learn more about OverRuled, visit www.overruled.com.

TURBOFAC Commentary (434 words)

Notes:

[6-10-26 update – GL 46C, 47A, 48B, 50B, 51B, 52A, and 54A issued to amend the “governing law and dispute resolution” provision to specify the governing law can be state or other jurisdiction within the United States and that dispute resolution may occur in the UK, France or Singapore. See FAQ # 1260. Also added Note 2 to Paragraph (a) to clarify that a contract governing by U.S. law can “recognize that certain aspects of the underlying activity” may be governed by Venezuelan law.]

[8-27-26 update – GL amended (alongside all others with a governing law provision) to strike the requirement that “the terms of the contract be construed and interpreted in accordance with the laws of a state or other jurisdiction within the United States” and to remove the related interpretive note]

1) Compare...