JD Supra

OFAC Revokes General License 44 Related to Venezuela's Oil and Gas Sector

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) issued General License 44A (GL 44A) on April 17, 2024, replacing and superseding General License 44 (GL 44), which ...
JD Supra

OFAC issues interim final rule amending blocked property and other reporting requirements

The Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) issued an interim final rule set to take effect August 8, 2024, which amends the Reporting, Procedures, and Penalties ...
Interfax

U.S. extends license for sale of Lukoil's foreign assets to Feb 28

The license extends the deadline for transactions "that are ordinarily incident and necessary to the maintenance or wind down of operations, contracts, or other agreements of LIG Entities" until ...
Business Wire

UNIFI Communications Receives OFAC License Approval to Build the Alasia Cable Project, Enhancing Digital Connectivity in Syria

NEW YORK--(BUSINESS WIRE)--UNIFI Communications (UNIFI) is proud to announce the launch of the Alasia Cable Project, a critical subsea fiber-optic infrastructure initiative that will significantly ...
Business Wire

OFAC Revokes M&P’s Venezuela License, with a Wind-Down Period Granted until 27 May 2025

PARIS--(BUSINESS WIRE)--Regulatory News: Établissements Maurel & Prom (“M&P”, the “Group”) (Paris:MAU) announces that it has received a notification from the U.S. Department of the Treasury’s Office ...