ARTICLE
10 January 2020

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

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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.
Venezuela International Law
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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 Additional Persons Contributing to the Situation in Venezuela").

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