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Alert January 2026

Key Issues Arising from Recent Developments in Venezuela

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A trusted advisor for clients navigating complex legal and political issues in Venezuela.

Covington has a unique blend of legal excellence, policy expertise, and on-the-ground experience.

The recent U.S. special operation in Venezuela leading to Nicolás Maduro’s arrest and the announcement of a U.S.-run transition giving the U.S. “full access” to Venezuela’s natural resources and key infrastructure have renewed interest in Venezuela-related risk management and strategic planning.

For decades, Covington has been the trusted advisor for clients navigating complex legal and political issues in Venezuela. Covington’s Venezuela Task Force is helping our clients navigate these unprecedented times, react to the rapidly-evolving circumstances, and position their businesses to take advantage of potential opportunities while managing risks effectively.

Our team combines deep regional insight with global reach. It includes two native Venezuelans, a Venezuelan-qualified attorney, and former senior U.S. government officials with direct experience shaping U.S. policy toward Venezuela. Covington’s unique blend of legal excellence, policy expertise, and on-the-ground experience positions us to help clients protect their investments, manage risk, and plan for multiple scenarios in a rapidly changing environment.

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Areas of Focus

Public Policy

Helping leading multinationals anticipate and respond to evolving U.S. policy toward Venezuela.

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Investment Structuring and Protection

Advising foreign investors on investment treaty and contractual protections related to their investments in Venezuela.

Dispute Resolution

Representing clients in high-stakes disputes with the Venezuelan State and state-owned entities, including Petróleos de Venezuela, S.A. (PDVSA) and its affiliates.

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Economic Sanctions, Export Controls, Anticorruption, and Antiterrorism Compliance

Guiding some of the world’s largest companies on compliance with U.S., UK and EU economic sanctions, export controls, anticorruption, and antiterrorism legislation.

Practice Highlights

120+
Former Government Officials and Diplomats
1,400+
Lawyers and Advisors Worldwide
Ranked Tier 1
in Chambers UK, Europe, Global, & US

Our Team

Antonio Leal Holguín

Public Policy and Latin America Advisor

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