On July 1, 2026, the Office of Foreign Assets Control (“OFAC”) in the US Treasury Department imposed sanctions on several parties due to links to Brazil-based Primeiro Comando da Capital (i.e., First Capital Command, or “PCC”). This was the first round of sanctions against parties connected to PCC since the US Government’s actions in the spring designating PCC as both a Foreign Terrorist Organization (“FTO”) and a Specially Designated Global Terrorist (“SDGT”). We refer to…
Ongoing developments in Venezuela raise critical business and legal questions for companies that do or are considering doing business in Venezuela. Public attention currently focuses on energy companies because of Venezuela’s vast oil reserves, but the US government has also announced that it will be promoting the rebuilding or modernization of electricity and infrastructure in Venezuela, all of which could result in significant business opportunities for other business sectors, including banking, mining, construction, manufacturing, transportation,…