1268. Do I need to include a dispute resolution provision in my contract with the Government of Venezuela to fall within certain Venezuela General Licenses (e.g., 46D, 47B, 48B, 50C, 51C, 52B, 54B, and 61A)?

Yes. Certain Venezuela general licenses (GLs), including 46D, 47B, 48B, 50C, 51C, 52B, 54B, and 61A, require that any contract for authorized transactions with the Government of Venezuela or certain other blocked persons (e.g., Petróleos de Venezuela, S.A. in GL 52B or CVG Compañía General de Minería de Venezuela CA in GL 51C) specify that dispute resolution proceedings relating to the contract or its breach occur in the United States, the United Kingdom, France, or Singapore. This requirement relates to the jurisdiction in which dispute resolution proceedings must occur, rather than the law governing the underlying contract.