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IMPACT – HIGH
Venezuelan President Nicolas Maduro has announced that he is cutting all political and diplomatic ties with the United States and has ordered all diplomatic personnel to leave the country within 72 hours.
Key points:
Background: Maduro’s announcement came hours after President Donald Trump officially recognized opposition leader Juan Guaido as Venezuela’s president.
BAL Analysis: Companies are encouraged to account for critical personnel in Venezuela and anticipate that U.S. consular services in Venezuela will be suspended until further notice.
This alert has been provided by the BAL U.S. Practice group. For additional information, please contact berryapplemanleiden@bal.com.
Copyright © 2019 Berry Appleman & Leiden LLP. All rights reserved. Reprinting or digital redistribution to the public is permitted only with the express written permission of Berry Appleman & Leiden LLP. For inquiries please contact copyright@bal.com.
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