By Maya Lester KC & Michael O’Kane

New US Venezuela “new debt” FAQs

OFAC has published 2 new Venezuela-related FAQs, which give guidance on the debt-related prohibitions in Executive Order (E.O.) 13808. The new FAQs relate to the term “new debt” in section 1 of E.O. 13808 and to the receipt of late payments from the Government of Venezuela, including state-owned oil company Petroleos de Venezuela, S.A. (PdVSA)....

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About Michael O'Kane

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Michael is Senior Partner at Peters & Peters LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters & Peters LLP...

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