By Maya Lester KC & Michael O’Kane

OFAC issues Venezuela-related General Licence 5E

OFAC has issued General Licence 5E, which postpones until 19 January 2021 the authorisation for US persons to engage in transactions relating to the PdVSA 8.5 percent bond that that would otherwise be prohibited by Subsection 1(a)(iii) of Executive Order 13835 (as amended). General Licence 5E replaces and supersedes 5D in its entirety. A related FAQ has also been updated to reflect …

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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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