By Maya Lester QC & Michael O’Kane

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 …

VenezuelaVenezuela United StatesUnited States

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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