Travieso Evans Arria Rengel & Paz

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Publication of regulations on determination of fair prices of products and services

Administrative Ruling No. 005/2014, issued by the National Superintendence for the Defense of Socioeconomic Rights (Superintendencia Nacional para la Defensa de los Derechos Socio Económicos - “SUNDDE”), was published in Official Gazette No. 40,397 of April 23, 2014. The purpose of said Ruling is to inform about the mechanisms, methodology, and other necessary aspects through which the various regulations relating to the determination of fair prices in the access to products and services will be made public.

 

The Ruling establishes that the SUNDDE will publish in its web page, http://www.superintendenciadepreciosjustos.gob.ve, the list of prices of the products and services on the basis of the legislation in force.

 

The content of said lists will become effective upon its publication in SUNDDE’s web page and application of the same will prevail over any other price or presentation referred to in any other ruling and ministerial resolution.

 

The Ruling became effective upon its publication in the Official Gazette.

 

In order to access the Decree, 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.”