By Maya Lester KC & Michael O’Kane

OFAC extends general licences relating to Russian company GAZ Group

OFAC has extended two general licences related to the sanctioned Russian company GAZ Group until 31 March 2020. General Licence 13M and General Licence 15G provide exemptions for all otherwise prohibited transactions and activities that are ordinarily incident and necessary to divest or transfer debt, equity, or other holdings in GAZ Group to non-US persons or to maintain or wind-down …

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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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