Practice area

IFLR1000 Reviews


Solicitors governing body: Local bar associations

Competition authority: Superintendence for the Promotion and Protection of Free Competition (Pro-Competencia)

Financial regulator: Superintendencia de Bancos y Otras Instituciones Financieras

IFLR1000 ranking categories in this jurisdiction: 

Financial and corporate, Project development

Jurisdiction overview

Venezuela is a civil law legal system. After law school, lawyers are required to register with a Bar Association. Foreign lawyers must also register with a bar association in order to advise on international law. 

While arbitration is generally restricted to local lawyers, foreign lawyers can practice arbitration in specific cases if a bar association authorises them.

Requalification is possible for international lawyers, with a relatively simple process for lawyers in Bolivia, Colombia, Ecuador, Peru, and Spain who can re-qualify if they pass an exam. Lawyers from all other jurisdictions must verify their degree with a Venezuelan Law School to determine additional classes that they need to take.

Both local and international firms are key players in the Venezuelan market.

Financial and corporate
Baker McKenzie

Baker McKenzie has primarily advised clients on divesting or reducing their Venezuelan assets over the research period. The firm also advised a client on the sell-side of the Venezuelan aspect of a global acquisition.

Client feedback

“Accurate and timely responses. Deep knowledge of the business, economic and political environment.” – Financial services regulatory   

“What impresses us about Baker McKenzie is their ability to provide state of the art legal solutions to complex business matters, domestically and abroad. The team of attorneys within the firm have in-depth knowledge in their areas of expertise, make themselves available, are attentive to clients and are good listeners.” – Real estate


D’Empaire is a leading firm in the market that has advised on notable buy and sell side M&A deals and has seen recent work in oil and gas and insurance. The firm also works on bank-side financing matters.

Recent Deal Data highlights

•                      Maurel & Prom acquisition of stake in Petroregional del Lago

Despacho de Abogados miembros de Dentons

Despacho de Abogados miembros de Dentons is a leading firm in the market. The firm was formerly a part of Norton Rose Fulbright but over the research period the firm closed its operations in Venezuela and Dentons struck an agreement with the local firm.

Over the research period the firm has been active on lender side financing work, though the firm has also seen some notable sell side M&A deals.

InterJuris Abogados

Interjuris Abogados has been active in the oil and gas sector advising clients on EPC agreements, acquiring assets and obtaining financing.

Recent Deal Data highlights

•                      HES Group acquisition of Embassy Suites

Raffalli de Lemos Halvorssen Ortega & Ortiz

Raffalli de Lemos Halvorssen Ortega & Ortiz has seen some notable work in the M&A space. The firm advised a client on the sell side on an acquisition and another client on spinning off its assets.

Recent Deal Data highlights

•                      Fairfax acquisition of AIG

Client feedback

“Dedicated. Accurate. Understand the needs of the company. Empathy.” – Private equity

“The main strengths are the fast response times and the firm’s knowledge.” – Private equity  

Travieso Evans Arria Rengel & Paz

Travieso Evans Arria Rengel & Paz has advised companies on selling their operations in Venezuela over the research period.