By Maya Lester KC & Michael O’Kane

OFAC renews Nynas General Licence until 14 May 2020

OFAC has issued General Licence 13E, which authorises certain activities and transactions with Nynas AB, the Swedish oil refinery jointly owned by Neste Oil (Finland) and Venezuela’s PdVSA, and any of its subsidiaries, which would normally be prohibited by E.O. 13850 (Venezuela-related sanctions). The OFAC Notice says that Nynas is engaged in a proposed corporate restructuring, which may result in …

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About Michael O'Kane

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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 &...

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