OFAC has issued General Licence 8F, so as to narrow the authorisation for 5 American oil and gas companies, allowing them to conduct only oil-related transactions and activities incident and necessary to the limited maintenance of essential operations and contracts in Venezuela that (i) are for the safety/preservation of assets in Venezuela, (ii) involve PdVSA, or (iii) were in effect …
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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 &...