Nelson Mullins partner James Reardon was quoted in a Politico article analyzing the growing oil industry in Venezuela.

“They’re still a little hesitant,” said Jim Reardon, a partner at the law firm Nelson Mullins in Houston. “This has happened in other countries, where the oil and gas industry has gone in and finalized agreements with one government, which then, a few years later, is viewed as the illegitimate government, and that those concessions are not valid anymore.”

Reardon said the industry is looking for certainty that there will be an election and on how the new government will handle past claims.

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