OFAC Updates General License For Wind Down Of Activities With Venezuela-Based Entities

Author:Mr Cadwalader, Wickersham & Taft LLP
Profession:Cadwalader, Wickersham & Taft LLP
 
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OFAC updated a general license to authorize certain activities in order to wind down operations or existing contracts with certain Venezuelan entities.

General License 6A extends the validity of General License 6 until January 21, 2020. The general license authorizes certain activities with Globovision Tele C.A. and Globovision Tele CA, Corp., which otherwise would be prohibited by Executive Order 13850 ("Blocking Property of...

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