Public Contracting Law
Decree No. 1,399 of November 13, 2014 was published in Official Gazette No. 6,154 Extraordinary of November 19, 2014. Through said Decree, the President of the Republic issued the Decree with the Status, Value, and Force of Public Contracting Law (the “Decree-Law”). In the following link you will find a summary of the most important provisions of the Decree-Law: http://www.traviesoevans.com/memos/20141222-Ley-Contrataciones-Publicas-ingles.pdf.
The Decree-Law entered into force and must be applied as from November 19, 2014.
In order to access the Decree-Law, 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.