INDEPABIS / Preventive Measures of Temporary Occupation and Operation
Resolution No. 125 of the Ministry of the Popular Power for Commerce was published in Official Gazette No. 40.301 of November 25, 2013. Said Resolution orders the Institute for Defense of Individuals in the Access to Goods and Services (Instituto para la Defensa de las Personas en el Acceso para los Bienes y Servicios) to issue a Preventive Measure of Temporary Occupation and Operation that will affect the following companies: DKZL C.A., DKLARA C.A., DKCARACAS C.A., DKBOLEITA C.A. y DKVAL C.A.
During the period of duration of the preventive measure of temporary occupation and operation, the administration of the aforementioned companies will be entrusted to the Director of the Deconcentrated Service of Goods and Services of the National Bolivarian Armed Forces, who will appoint the officers that will form the Board of Administration.
The Resolution became effective upon its publication in the Official Gazette.
In order to access the Resolution, please click here.
“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.”