By Maya Lester KC & Michael O’Kane

OFAC issues Communist Chinese military companies General Licence 1B

OFAC has issued General Licence 1B, which replaces and supersedes GL 1A in its entirety, and extends the expiry of the GL to 11 June 2021 (see previous post). It authorises all transactions and activities prohibited by section 1(a) of Executive Order (E.O) 13959, as amended by E.O. 13974, involving publicly traded securities of an entity whose name closely matches, …

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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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