By Maya Lester KC & Michael O’Kane

OFAC issues licence for sanctions exemption for Venezuela baseball league

It has been reported that OFAC has issued a licence authorising transactions “ordinarily incident and necessary” to participation in the Venezuelan Professional Baseball League (LVBP) from 2 December 2019 to 30 November 2021. This paves the way for US Major League Baseball players to participate in the LVBP. In August, due to sanctions concerns, MLB suspended its involvement with and …

VenezuelaVenezuela United StatesUnited States

About Michael O'Kane

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

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