OFAC has announced that the Swedish refiner Nynas AB is no longer subject to US sanctions pursuant to the Venezuelan Sanctions Regulations (31 CFR Part 591) following a restructuring of the company’s ownership. Nynas’ press release says that PdVSA, Venezuela’s state-owned oil company, has reduced its majority shareholding in Nynas to 15%. The 35% divested by PdVSA is now controlled …
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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