By Maya Lester KC & Michael O’Kane

Venezuela General Licence 8I issued by OFAC

On 24 November 2021, OFAC issued Venezuela General Licence (GL) 8I, “Authorising Transactions Involving Petróleos de Venezuela, S.A. (PdVSA) Necessary for the Limited Maintenance of Essential Operations in Venezuela or the Wind Down of Operations in Venezuela for Certain Entities”. GL 8I replaces and supersedes GL 8H in its entirety and extends the expiry of the GL to 1 June …

VenezuelaVenezuela United StatesUnited States

About Michael O'Kane

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Michael is Senior Partner at Peters & Peters LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters & Peters LLP...

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