Orrick, Herrington & Sutcliffe LLP (JD Supra Venezuela)

As parties pursue restructuring of Venezuelan sovereign debt, they should be sensitive to U.S. economic sanctions prohibitions. The sanctions prohibitions broadly apply to "U.S. persons" – U.S. citizens and permanent residents, legal entities that are organized under U.S. law, and any person in the United States or acting through a person, such as a bank, in the United States. United States...