By Maya Lester KC & Michael O’Kane

OFAC issues Venezuela-related General Licence 5D

OFAC has issued General Licence 5D, which replaces and supersedes 5C in its entirety. It has delayed effectiveness until 20 October 2020. When the licence comes into effect, US persons are authorised 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) of Executive …

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About Maya Lester KC

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Maya Lester KC is a senior barrister (King’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human...

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