Venezuela Sanctions Complicate Compliance For Cos.
By Seetha Ramachandran, Betty Santangelo, Gary Stein, Jennifer Opheim, Mari Dopp and Nicole Geoglis ( June 25, 2018, 4:49 PM EDT) -- On May 21, 2018, in response to recent activities of the regime of Venezuelan President Nicolas Maduro, President Donald Trump issued a new executive order, "Prohibiting Certain Additional Transactions with Respect to Venezuela."[1] Building upon previous sanctions[2] issued to "prevent U.S. persons from contributing to the Government of Venezuela's corrupt and shortsighted financing schemes,"[3] the new sanctions prohibit, among other things, transactions involving the purchase of any debt owed to the government of Venezuela, as well as transactions involving any debt owed to the government of Venezuela that is pledged as collateral....
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