Despacho de Abogados Miembro de Hogan Lovells
Centro San Ignacio, Torre Copérnico
Av. Blandín, La Castellana
With a distinctive presence in Venezuela, we are on the ground in one of the most complex markets in Latin America. From our Caracas office, we can work alongside you to do business domestically or if you’re looking to enter Latin America more broadly.
We know the local market and regularly advise on some of the largest cross-border matters involving Venezuela. From major financings with China to high-stakes antitrust proceedings before Procompetencia, our lawyers can handle your most challenging work and your day-to-day operations.
We are multilingual and multicultural. We can give you the strategic advice you want with the practical perspective you need. As you make a large acquisition, we can assist you with tax and employment matters; and, as you invest, we can draft contracts in Spanish, English, or French to protect those investments. We recognize the challenges in doing business in Venezuela, but we understand the legal landscape and can make sure you always accomplish your goals.
Primary Practices and Industries
We advised Petróleos de Venezuela, S.A. (PDVSA) in a US$5bn bond offering, the proceeds of which will be used for infrastructure development.
We advised PDVSA in the negotiation and execution of a series of Engineering, Procurement and Construction contracts with a total value of US$3bn.
We advised PDVSA in its US$1.5bn oil-backed prepayment financing with Industrial and Commercial Bank of China Limited (ICBC).
Advised PDVSA in its US$1bn loan transaction from Russia’s Gazprombank. The loan will go towards expanding infrastructure and increasing production at the Petrozamora oil project.
We advised PDVSA in a US$4.5bn bond issuance. US$1.5bn was offered through direct and private placement with the Central Bank of Venezuela.
We advised Dana Corporation in the spin-off and subsequent sale of its Structural Solution Division in Venezuela to a Mexican Company (Metalsa).
We advised a petrochemical joint venture based in Venezuela in settlement negotiations of an arbitral dispute against a European contractor concerning an EPC contract.
We advised the Republic of Venezuela in an ICSID arbitration brought by a fertilizer plants company under a bilateral investment treaty.
We advised the Republic of Venezuela in an ICSID arbitration brought by a major coffee producer under a bilateral investment treaty.