News & Analysis as of

Prohibited Transactions Trump Administration SDN List

Troutman Pepper Locke

Financial Transactions Related to Russian Energy Now Prohibited: Expiration of OFAC ‎General License 8L

Troutman Pepper Locke on

On March 12, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) allowed General License (GL) 8L under the Russian Harmful Foreign Activities Sanctions Regulations to expire. As a result, broad OFAC...more

American Conference Institute (ACI)

[Virtual Conference] Ensuring Compliance with U.S. and China Economic Sanctions - September 21st, 11:00 am - 5:00 pm EDT

ACI’s premier conference “Ensuring Compliance with U.S. and China Economic Sanctions” will take place on September 2021 (EDT) in a virtual format. On November 12, 2020, President Trump signed Executive Order 13959...more

Morrison & Foerster LLP

U.S. Court Blocks Trump-Era Designation Of Xiaomi As A Chinese Military Company And Permits Continued Trading In Its Securities

On March 12, 2021, a U.S. district court granted a temporary injunction requested by the Hong Kong-listed, Chinese electronics giant, Xiaomi Corporation (“Xiaomi”). The injunction blocks the U.S. Department of Defense (“DoD”)...more

Hogan Lovells

The United States Government issues additional Iran sanctions and a new Executive Order targeting the construction, mining,...

Hogan Lovells on

On 10 January 2020, in response to missile attacks by the Iranian military targeting two U.S. bases in Iraq, the United States Department of the Treasury, Office of Foreign Assets Control (OFAC) designated a number of senior...more

Bass, Berry & Sims PLC

Venezuela Update: Significant Sanctions Restrictions Imposed

Bass, Berry & Sims PLC on

• Virtually all transactions with government prohibited • Most transactions with private sector parties still permitted • Practical challenges make Venezuela transactions difficult, including for non-U.S. parties On...more

Morrison & Foerster LLP

Not Quite Cuba (Yet): OFAC Blocks The Venezuelan Government’s Property

Hot on the heels of the “Saturday Surprise,” the Trump Administration initiated “Monday Madness” earlier this week when the President issued new Executive Order (E.O.) 13884 blocking any property and interests in property of...more

White & Case LLP

Iran Threatens Partial JCPOA Suspension; US Imposes Sanctions on Certain Iranian Metals Sectors

White & Case LLP on

On May 8, 2019, following Iran's announcement that it intends to suspend certain nuclear proliferation-related commitments under the Joint Comprehensive Plan of Action (JCPOA), the United States issued a new Executive order...more

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