News

CLIENT ALERT: U.S. INCREASES PRESSURE ON VENEZUELA WITH ISSUANCE OF EXECUTIVE ORDER 13884

August 7, 2019

Introduction

On August 5, 2019, President Trump issued Executive Order 13884 which blocked the assets of the Government of Venezuela in the United States or in the possession and control of any United States person. In addition, United States persons are essentially prohibited from engaging in any transactions with the Government of Venezuela, its agencies, or any entity that government owns or controls. Finally, non-U.S. persons may have their assets in the United States blocked if they are determined to have materially assisted or supplied goods or services in support of the Government of Venezuela.

To read the full Client Alert, click HERE.