OFAC issues 2 Venezuela-related General Licences concerning PdVSA

OFAC has issued Venezuela General Licence 5B, which authorises US persons to engage in all transactions related to the provision of financing for and other dealings in the Petroleos de Venezuela SA 2020 8.5 Percent Bond that would otherwise be prohibited by E.O. 13835. The licence replaces and supersedes 5A, and extends the expiry of the licence until 22 April …

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About Michael O'Kane

Michael O'Kane

Michael was called to the Bar in 1992 and prior to joining Peters & Peters was a senior specialist prosecutor at the Crown Prosecution Service Headquarters (CPS). He was a key member of a small specialist unit responsible for the prosecution of serious and high-profile fraud, terrorist,...

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