By Maya Lester KC & Michael O’Kane

OFAC issues Venezuela-related General License

On Tuesday 23 May, OFAC issued Venezuela-related General License 8L “Authorizing Transactions Involving PdVSA Necessary for the Limited Maintenance of Essential Operations in Venezuela or the Wind Down of Operations in Venezuela for Certain Entities” (notice). The General License is for the following entities: Halliburton; Schlumberger Limited; Baker Hughes Holdings LLC; and Weatherford International PLC. The General License authorises transactions …

VenezuelaVenezuela United StatesUnited States

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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