Venezuela General License 52A - Authorizing Certain Transactions Involving Petróleos de Venezuela, S.A. (June 10, 2026)

Date issued: Jun. 10 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 (384 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.]

1) Compare and contrast Venezuela General License 46B and other oil/gas-related GLs issued subsequent to GL 46. This GL is similar to those GLs insofar as it features similar payment and contractual conditions (for comments concerning those provisions, see comments to GL 46). While there are many PdVSA-related transactions that could be...