Expropriation Risk in the “BRICs”

For every international investor there is always the unknown variable of political risk that cannot be modeled by traditional statistical models. Growth, inflation and interest rate forecasts all help in painting a picture of a country, but it is an appreciation of...

Political Risk Developments: Venezuela

In August of 2001, the government of President Hugo Chavez enacted a controversial hydrocarbons law which established new rules for investors having oil operating agreements with PDVSA (Venezuela’s state-owned oil company). The new law provides the legal platform for...