Travieso Evans Arria Rengel & Paz

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Exchange Agreement N° 1

The new Exchange Agreement No. 1 (EA1), entered into by the National Executive and the Venezuelan Central Bank (VCB), was published in Official Gazette No. 6.405 Extraordinary of 9/7/2018. In the following link you will find our Memorandum which contains  its most significant provisions: http://www.traviesoevans.com/memos/memo-convenio-cambiario-1-ing.pdf

 

“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.”