By Maya Lester KC & Michael O’Kane

OFAC issues Venezuela General Licence 5H & FAQ

The US Treasury Department’s Office of Foreign Assets Control (OFAC) has issued Venezuela-related General Licence (GL) 5H, which delays until 21 January 2022 the authorisation of US persons to engage in transactions related to the provision of financing for/other dealings in the Petróleos de Venezuela, S.A. (PdVSA) 2020 8.5% bond, otherwise prohibited by subsection 1(a)(iii) Executive Order 13835. GL 5G …

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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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