Energy & Oil & Gas
14 publications
The Other Side of the Business Plan
The Business Plan Under Venezuela's New Hydrocarbons Regime Under Venezuela's new hydrocarbons regime, the Business Plan is no longer just a business plan. The
OFAC Removes Mandatory U.S. Choice of Law Requirement Across Venezuela General Licenses
On August 27, 2026, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued significant regulatory amendments to eight Venezuela-related General Licenses
LEC Abogados Ranked in Chambers Latin America 2027
We are honored to share that LEC Abogados has once again been ranked in Chambers Latin America 2027 Guide. Our recognized practice areas include: * Banking & Finance * Corporate
Venezuela’s New Hydrocarbons Fiscal Framework
Regulations and Implementing Resolutions The publication of the Regulations to Venezuela’s Organic Hydrocarbons Law (the “Regulations”) together with the ministerial implementing resolutions governing Royalties and the Integrated
Regulations of the Organic Hydrocarbons Law
REGULATORY REPORT DECREE — Regulations of the Organic Hydrocarbons Law (Official Gazette No. 7,052, Decree 5,381) STANDARD 002/2026 Rules for the Determination, Declaration and Payment of
OFAC Issues General License 52A Authorizing Certain Transactions Involving PdVSA
On June 10, 2026, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued General License No. 52A. Effective immediately, this administrative update
Navigating the New OFAC Framework: Structural Updates to Venezuela General Licenses and FAQs
On June 10, 2026, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) comprehensively updated seven key General Licenses (GLs 46C, 47A, 48B,
Debt-to-Equity Swaps in Venezuela's Restructuring Landscape: Contractual Design, Legal Constraints, and the Conditions for Viable Debt Conversion
Juan Carlos Andrade Santamaria February 2026 ABSTRACT This paper examines debt-to-equity swaps as a mechanism for addressing Venezuela's protracted sovereign and quasi-sovereign debt
OFAC General License 52 Not a new licence… is a new framework for the U.S.–Venezuela Energy Relationship
I. No Boundaries Since January 2026, OFAC has issued a series of general licenses progressively expanding the scope of permitted activity in Venezuela's energy sector. Each
Overview of Venezuela General License 52: Authorizing Certain Transactions Involving Petróleos de Venezuela (PdVSA)
On March 18, 2026, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) issued General License No. 52 (GL 52), FAQ 1245
Sanciones OFAC y el Sector Energético de Venezuela: Guía del Régimen de Licencias y Desarrollos Recientes
I. ¿Qué es la OFAC y el Régimen de Sanciones de EE.UU.? La Oficina de Control de Activos Extranjeros ("OFAC", por sus siglas en inglés)
OFAC Sanctions and the Venezuela Energy Sector: A Guide to the Licensing Regime and Recent Developments
I.Understanding OFAC and U.S. Sanctions The Office of Foreign Assets Control ("OFAC") is a financial intelligence and enforcement agency of the U.S. Department