Nelson Mullins partner James Reardon was quoted in a Politico article discussing Venezuela's new reform bill largely maintaining the status quo by preserving its influence over foreign business operations in the country's oil sector.

Reardon, a partner in the firm’s Houston office, said the reform bill is “kind of a lot of what they had before.”

The law is basically the Venezuelan government telling foreign companies “you can do business with PdVSA, but we control PdVSA, so we're still kind of controlling things,” Reardon said.

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