Travieso Evans Arria Rengel & Paz

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Decision of the Constitutional Chamber

On November 2, 2011, the Constitutional Chamber of the Supreme Tribunal of Justice sustained the appeal for constitutional review filed against decision No. 602 of the Civil Cassation Chamber of the Supreme Tribunal of Justice (Case: Oferta Real Motorvenca v. Banco de Venezuela) issued on October 29, 2009, which regulated the payment of obligations stipulated in foreign currency.

 

Please click here to access said decision.

 

 

“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.”