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CHÁVEZ'S HEALTH

Chinese companies query into Venezuelan governance lawfulness

Linares Benzo fears that law can hardly help to dispel investors' doubts

Adolfo Salgueiro thinks that the Venezuela higher court is so weird as to raise doubts abroad (Photo: Enio Perdomo)
REYES THEIS |  EL UNIVERSAL
Wednesday February 20, 2013  12:58 PM
Companies from China, United States and Canada have a big question mark as to lawfulness of governance in Venezuela. For this reason, they hesitate to invest in the country, said Adolfo Salgueiro, an expert in international law.

The lawyer pointed out that his advice has been sought as to the doubts of one of the major Chinese operators in Venezuela.

"Despite in the practice, upon the ruling of the Supreme Tribunal of Justice (TSJ) (dismissing the issue of President Hugo Chávez's absence), the government more or less gets over it, certainly, such ruling is very peculiar, to such an extent that it could be challenged under a new government," Salgueiro reasoned.

He thinks as well that Chávez comeback to Venezuela could sort out the issue. "Suppose he can be sworn in and that can be credible by means of a record signed by the TSH, therefore, this could make the situation more reliable."

For Gustavo Linares Benzo, a lawyer specialized in administrative law, the major creditor and financier, that is: China has doubts regarding the lawfulness of the Venezuelan government. "An attempt has been made to give the issue another turn on the grounds of the authorization (granted to President Chávez by the National Assembly, AN), yet in the light of such doubt, the law can barely help, because it is based on a fact."

rtheis@eluniversal.com
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