The validity period of the general license authorizing certain payments with the Russian Central Bank and others has been extended. Specifically, on January 6, 2026, the US Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) reissued General License 13P (“GL 13P”), “Authorizing Certain Administrative Transactions Prohibited by Directive 4 under Executive Order 14024,” extending the validity period until 12:01 a.m. Eastern time on April 9, 2026. GL 13P authorizes US Persons to engage…
Ongoing developments in Venezuela raise critical business and legal questions for companies that do or are considering doing…
On December 18, 2025, President Trump signed into law the National Defense Authorization Act (“NDAA”) for Fiscal Year…
We are providing a brief update on the latest developments in the US sanctions targeting Venezuela: To date,…
On 5 January 2026, Switzerland imposed an immediate freeze on any assets held in Switzerland by former Venezuelan President…
On January 29th, a global panel of Baker McKenzie practitioners including former senior officials from the U.S. DOJ…
On December 15, 2025, the US Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) has issued Belarus…