Latest US Sanctions against Venezuela
On 5 August 2019 President Trump issued Executive Order 13884 which further expands the scope of US Sanctions against the regime in Venezuela. This has a direct impact on US Companies and Citizens but assets of companies trading with the Venezuelan government are potentially at risk from sanctions; considerable care is recommended if you are contemplating trading with Venezuelan companies or individuals. Executive Order 13884 seems to have spared the private sector however it would be prudent to ensure complete background checks are undertaken.
With thanks to our friends at Freehill Hogan and Mahar for the update, their client bulletin can be accessed by following the link below.