THE JOURNAL OF EXPORT CONTROLS AND SANCTIONS

Issue 84, November 2019

Intellectual property fees are exempt from new US sanctions on Venezuela

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  By Ricardo A. Antequera, Antequera Parilli & Rodríguez http://antequera.com.ve/en/home/   On 5 August 2019, US President Donald J. Trump expanded existing US sanctions on Venezuela with a new executive order (EO 13884) that prohibits US individuals or companies from engaging in transactions with the government of Venezuela, by broadening the definition of government of Venezuela to include not only the state and named officials but now, also, all property and property interests of the government of Venezuela (section 6(d), e.g., political subdivisions, agencies, entities and persons controlled directly or indirectly by the government). Without authorisation or licence from the...

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