By Maya Lester KC & Michael O’Kane

OFAC issues Venezuela-related General Licence 40

OFAC has issued Venezuela-related General Licence (GL) 40, which authorises certain transactions and activities prohibited by Executive Order (E.O.) 13850 (as amended by E.O. 13857), or E.O. 13884, that are related to the exportation/reexportation of liquefied petroleum gas to Venezuela and involve the Venezuelan Government, Petróleos de Venezuela, S.A. (PdVSA), or any entity in which PdVSA owns a 50% or …

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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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