By Maya Lester QC & Michael O’Kane

ExxonMobil challenges OFAC sanctions penalty

ExxonMobil has filed a motion to request a Texas federal court to set aside the $2m penalty it received in 2017 for dealing with Igor Sechin, the designated CEO of Rosneft (see post), who had signed the agreement for ExxonMobil and Rosneft to enter into a joint Arctic oil exploration venture. ExxonMobil argues that Executive Order 13661 targets Mr Sechin’s …

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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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