Venezuela: Contracts and Commercial Law

Venezuela has enacted the most significant reform to its hydrocarbons regime since the sector was nationalized in 1976 ("Reform").

Venezuela's National Assembly is considering a proposed Partial Amendment to the Organic Law on Hydrocarbons (the "Hydrocarbons Law Amendment"), which would introduce sweeping changes to the regulatory framework governing the exploration, extraction, transportation, refining, and marketing of hydrocarbons in the country.

The so-called on demand economy, sharing economy or gig economy is based on digital platforms or apps that act as intermediaries between final customers and service providers.