LICENSE No. SDGT-382

Date issued: Sep. 24 2004

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TURBOFAC Commentary (569 words)

Notes:

1) This is the forfeiture license at issue in United States v. Holy Land Found. for Relief & Dev., 722 F.3d 677 (5th Cir. 2013) (https://casetext.com/case/united-states-v-holy-land-found-for-relief-dev), referred to in Case No. NPW-2014-310771-1.

The relevant portion of the Holy Land opinion, characterizing this license as "unblocking" the blocked funds for the purposes of TRIA attachment, follows:

"The Rubins argue that the filing of the indictment and forfeiture demand did not have any legal effect on HLF's assets because the executive blocking orders and accompanying regulations prohibit essentially all transactions involving blocked property. SeeExecutive Orders 12947, 13224; 31 C.F.R. § 594.201. This argument is directly belied by the text of the applicable regulations, which provide an exception to the prohibition on transferring blocked property when that transfer is authorized by license. See31...