Ed. Note: if you’re new to TURBOFAC, please take note that the text string filtration function generally shouldn’t be used for terms such as “ordinarily resident,” “causing” or “new debt”. For research on the meaning of words and phrases such as those, i.e. terms central to the key legal issues in sanctions law that appear on a cross-programmatic basis, you’re typically better off locating and checking the appropriate box in the “Key Legal Issues” search category, which will limit the results to those that have been manually assessed as being relevant for the interpretation of the terms at issue.
Try typing your search term (“ordinarily resident,” “new debt,” or something else) in the “Find a Search Filter” box at the top of the page, and the corresponding “Key Legal Issues” check box will pop up instantly, if one exists. Once you check the box (e.g. “new debt,” with ~55 results), you can always use the text string filtration function to further refine your search (e.g. by typing “invoice” and narrowing the ~55 results to ~10).
Note in addition that the same applies to text string searches such as “14071” (if you’re looking for items related to EO 14071). By typing “14071” in the “Find a Search Filter” field up top, you will be able to instantly narrow the results down to items manually assessed as relating to EO 14071. Ditto terms such as “515.204” or “Iran General License G” (try the “Discrete Legal Provision” search category).
Please contact [email protected] or [email protected] with any questions on search results and efficiency.
Please click "Apply Text String Filters" again after clicking the "Close" button immediately below.
1) Russia GL 99 and Russia GL 100 cover otherwise prohibited transactions involving three “financial in structure”-related entities.
2) Russia GL 99 is similar to other recent “Debt or Equity of, or Derivative Contracts Involving” GLs (compare e.g. Russia GL 90), with a few notable distinctions. This GL has a “divestment or transfer” authorization (paragraph (b)) which mirrors the authorization of paragraph (a) of Russia GL 90. GL 99 also contains an authorization for “all transactions…that are ordinarily incident and necessary to facilitating, clearing, and settling trades of [debt or equity issued or guaranteed by any of the blocked entities] that were placed prior to…June 12, 2024” and an authorization for “all transactions…that are ordinarily incident and necessary to the wind down of derivative contracts...