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Misión Vivienda – Prohibition against suspension of activities in December 2012

Resolution No. 205 (the “Resolution”), issued by the Ministry of the Popular Power for Housing and Habitat, was published in Official Gazette No. 40,058, dated November 26, 2012.  The Resolution orders all national and/or foreign, natural and legal persons, public or private entities that are executing works of social interest or providing services within the frame of the Gran Misión Vivienda Venezuela to continue with the relevant activities without interruptions during the month of December 2012, due to which there will be no days off for Christmas, all with the purpose of completing the projects in the shortest time possible.

For the purposes of the full compliance with the Resolution, the parties involved in the execution of the projects that fail to comply with said order may be penalized by the Ministry.

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.”