On November 17, 2020, the US Treasury Department’s Office of Foreign Asset Control (“OFAC”) amended General License (“GL”) 8F and re-issued it as General License 8G. GL 8G extends the validity period of certain limited maintenance and wind-down transactions and activities involving Petróleos de Venezuela S.A. (“PdVSA”) until June 3, 2021. Our blog posts describing previous amendments to the general license are available here, here, here, and here. Specifically, GL 8G extends the validity period of the authorization…
Latest Posts
- OFAC Extends Venezuela-Related General License Authorizing Wind-Down Transactions
- Webinar: The new UK Foreign Investment Regime: Everything you need to know
- US Government Issues Executive Order Prohibiting US Persons from Purchasing Securities of Certain Chinese Companies
- UK introduces major overhaul of national security and foreign investment regime
- Introducing FIRE and Baker McKenzie’s Foreign Investment and National Security Blog
- US Government Restricts Remittances to Cuba
- EU agrees new rules on trade of dual-use items
- UK to be added to EU’s list of safe countries to export ‘dual-use items’
Recent
On 11 November 2020, the UK Government introduced a new bill that would significantly expand its powers to…
On November 13, 2020, the Trump Administration issued Executive Order 13959, “Addressing the Threat from Securities Investments that…
Want to find out more? Read the full version of this update on our free global Foreign Investment…
With global foreign investment scrutiny on the rise, not least in the current COVID-19 environment, staying fully informed…
US Government Restricts Remittances to Cuba
by Nicholas F. Coward, Inessa Owens and Andrea Tovar 2 Mins ReadOn October 27, 2020, the US Treasury Department’s Office of Foreign Assets Control (“OFAC”) published a final rule…
The European Council announced on Monday that it has reached agreement on a new EU regime for the…