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Results: 1-10 of 12

Eased sanctions present new opportunities and risks

  • Foley & Lardner LLP
  • -
  • Libya, Myanmar, USA, Yemen
  • -
  • April 1 2013

The past two years have witnessed substantial changes in the scope and effect of U.S. economic sanctions. In most instances, such as Iran and Syria

OFAC eases restrictions on transactions in Libya

  • Edwards Wildman Palmer LLP
  • -
  • Libya, USA
  • -
  • November 18 2011

In September, the Office of Foreign Assets Control (the “OFAC”), part of the United States Treasury Department, eased restrictions on trade with Libya through two revised general licenses that were published under the Libyan sanctions program

Crisis in Libya: what legal options are available to oil and gas companies?

  • King & Spalding LLP
  • -
  • Libya, USA
  • -
  • May 17 2011

In 2010, Libya produced 1.65 million barrels of crude oil per day, more than 80 of which was exported

U.S. toughens sanctions against Libya

  • Kramer Levin Naftalis & Frankel LLP
  • -
  • Libya, USA
  • -
  • March 28 2011

The Office of Foreign Assets Control ("OFAC") of the United States Department of the Treasury administers and enforces economic and trade sanctions against certain foreign countries, entities and other Specially Designated Nationals ("SDNs") based on US foreign policy and national security goals

Sanctions targets

  • Reed Smith LLP
  • -
  • European Union, Global, Iran, Ivory Coast, Libya, USA
  • -
  • July 18 2011

The last eighteen months have seen numerous new sanctions regimes introduced by the EU, UN and the U.S. Reed Smith has issued a series of Client Alerts already this year as and when new or changed sanctions regimes have been introduced

United States imposes new sanctions against Syria and licenses some trade in hydrocarbons exported from Libya

  • Sidley Austin LLP
  • -
  • Libya, Syria, USA
  • -
  • May 2 2011

In response to changing geopolitical conditions, the United States recently imposed additional sanctions against Syria and licensed certain transactions related to oil, gas and petroleum exported from Libya

New U.S. sanctions policies provide for Libya oil and gas licensing

  • Reed Smith LLP
  • -
  • Libya, USA
  • -
  • April 27 2011

On April 26, 2011, the U.S. Treasury Office of Foreign Assets Control (OFAC) took steps to broaden and clarify its policies for licensing petroleum transactions involving the Transitional National Council of Libya (TNC), the anti-Gaddafi opposition in eastern Libya

OFAC relaxes sanctions on Libya, authorizes winding down of transactions in Syria

  • Arent Fox LLP
  • -
  • Libya, USA
  • -
  • September 26 2011

In recent weeks, the US Treasury Department’s Office of Foreign Assets Control (OFAC) published and updated two new general licenses under the Libyan sanctions program, effectively authorizing most transactions involving the Government of Libya (GOL) and Libyan state-owned petroleum companies

U.S. eases sanctions against Libya

  • Thompson Hine LLP
  • -
  • Libya, USA
  • -
  • September 21 2011

The U.S. Department of Treasury's Office of Foreign Assets Control (OFAC) recently lifted most U.S. sanctions against Libya

OFAC authorizes transactions with entities owned or controlled

  • Steptoe & Johnson LLP
  • -
  • Libya, USA
  • -
  • September 15 2011

On September 9, 2011, the Office of Foreign Assets Control, US Department of the Treasury, issued a new General License No. 7 to the Libyan Sanctions Regulations (LSR), 31 C.F.R. 570

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