By Maya Lester QC & Michael O’Kane

OFAC issues Venezuela general licences on bonds and PdVSA securities

OFAC has issued 2 general licenses relating to financial contracts and agreements with some specific Venezuelan bonds and PdVSA securities. They extend the expiration dates of their previous versions. See General Licenses 3D, 9C, and OFAC Notice. OFAC has also issued updated answers to its FAQs in relation to these two licenses. See 661 and 662....

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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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