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Venture Capital Russia

The Volkov Law Group

OFAC Returns to Enforcement Scene — GVA Capital Pays $215 Million Penalty for Violations of Ukraine/Russia-Sanctions

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The Treasury Department’s Office of Foreign Asset Control (“OFAC”) has been relatively quiet on the enforcement front. That is not unusual — every transition results in an enforcement hiatus. Sanctions enforcement is a...more

Lowenstein Sandler LLP

OFAC Imposes Largest-Ever Penalty on Nonbank Financial Institution for Egregious and Sustained Sanctions Violations—a $216M...

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The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced a historic $215,988,868 civil monetary penalty against GVA Capital Ltd. (GVA), a venture-capital firm registered in the Cayman Islands...more

Troutman Pepper Locke

Major OFAC Penalty for US Venture Capital Fund – Key Takeaways

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On June 12, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) imposed a civil penalty of approximately $216 million on GVA Capital Ltd., a venture capital firm based in San Francisco, for...more

Pillsbury Winthrop Shaw Pittman LLP

Significant Changes to the SBIR and STTR Programs

In the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Extension Act of 2022, Congress reauthorized these programs for another three years and added new requirements to reduce foreign...more

Foley & Lardner LLP

Latin America Venture Investment Sees a Q1 Decline, but Earlier Stage Investment Remains Strong

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Last year, we saw an incredible amount of investment in Latin American startups, with an estimated $19.5 billion flowing into the region (per Crunchbase data). This made Latin America the fastest growing region for venture...more

WilmerHale

In Case You Missed It: Launch Links - February 2022 #4

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Some interesting links we found across the web this week: WilmerHale’s 2022 IPO, Venture Capital and M&A Reports - Every year, WilmerHale publishes IPO, Venture Capital and M&A reports to provide insights into market...more

PilieroMazza PLLC

Weekly Update for Government Contractors and Commercial Businesses – February 2022 #3

PilieroMazza PLLC on

GOVERNMENT CONTRACTS - SBA HUBZone “Legacy Employee” Grace Period Ends: 3 Changes Affecting Recertification in 2022, February 14, 2022 - As part of sweeping changes to the HUBZone rules in the 2019 Final Rule, SBA...more

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