OFAC has issued General Licence 5C, which replaces and supersedes 5B in its entirely. The licence has delayed effectiveness until 22 July 2020, on which date the licence authorises US persons to engage in all transactions related to, the provision of financing for, and other dealings in the PdVSA 8.5 percent bond that would otherwise be prohibited by Subsection 1(a)(iii) …
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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 &...
Venezuela
United States