JD Supra

Doing Business in Venezuela Under OFAC General Licenses: What U.S. Persons May and May Not Do Without a Specific License

Introduction: U.S. sanctions involving Venezuela remain complex, highly fact-specific, and subject to frequent change.
JD Supra

OFAC Eases Licensing Policy on Venezuelan-Origin Oil Bound for Cuba

Cuba has long been dependent on Venezuelan oil imports, and the country is experiencing a severe energy crisis in the wake of Nicolás Maduro's removal from power. Until recently, the U.S. excluded oil ...
The National Law Review

OFAC Issues License Allowing Maduro’s Criminal Defense Counsel to Be Paid by Government of Venezuela, and then Revokes it

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...
Morningstar

Gold Reserve Notes Issuance of OFAC General License 51 Related to Venezuelan-Origin Gold

Gold Reserve Ltd. (“Gold Reserve” or the “Company”) (TSX-V: GRZ, BSX: GRZ.BH, OTCQX: GDRZF) today noted the issuance by the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) ...
Export Compliance Daily

Lawyers: Industry Starting to Move Forward With Venezuela Deals

Stephanie Connor and Andres Fernandez of Holland & Knight said the U.S. sanctions posture toward Venezuela has been consistent enough since the start of the year that both energy ...