LICENSE No. NPW-2013-304639-1

Date issued: Sep. 13 2013

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TURBOFAC Commentary (666 words)

Notes:

* For general background on the litigation to which this item and several others in the Research System pertain, see Background Note re: United States v. Alavi Found. (In re 650 Fifth Ave. & Related Props.) and Related Cases. The following assumes familiarity with that background.

1) Compare LICENSE No. SDGT-2016-330016-1. OFAC must approve of court-ordered payments from blocked entities located in the U.S. (both the making of the payment by the blocked U.S. person, as well as the receipt of the payment by the U.S. persons to which the funds are owed). This is so even where, as here, the funds used for payments are "fresh funds" located outside of the U.S. (and where one the government itself is a recipient of the...