Please check out Episode 9 of the Compliance Podcast of the Caracas office in which Jesus Davila talks to Washington DC partner, Alex Lamy, concerning the US sanctions system over the Venezuelan government and the latest decision regarding the suspension of the sanctions for the hydrocarbons and mining sectors. Alex explains the implications thereof and how this could bring new opportunities for the aforementioned sectors. A link to the podcast series is available here. Links to our previous posts about these developments are available in English and Spanish.
Alex advises clients on compliance with US export controls, trade and economic sanctions, export controls (Export Administration Regulations (EAR); International Traffic in Arms Regulations (ITAR)) and antiboycott controls. He counsels on and prepares filings to submit to the US Government's Committee on Foreign Investment in the United States (CFIUS) with respect to the acquisition of US enterprises by non-US interests. Moreover, Alex advises US and non-US companies in the context of licensing, enforcement actions, internal investigations, compliance audits, mergers and acquisitions and other cross-border transactions, and the design, implementation, and administration of compliance programs. He has negotiated enforcement settlements related to both US sanctions and the EAR.