OFAC issues Venezuela General Licence 5C & amended FAQ

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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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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