Venezuela General License 24 - Certain Transactions Involving the Government of Venezuela Related to Telecommunications and Mail Authorized

Date issued: Aug. 05 2019

You've hit a wall. Sign in if you have an account, learn more about TURBOFAC and subscription options, or purchase access to the text of the document on this page, the native .pdf file, and the associated TURBOFAC original commentary.
TURBOFAC is a module of the compliance platform OverRuled. To learn more about OverRuled, visit www.overruled.com.

TURBOFAC Commentary (369 words)

Notes:

1) For comments on this GL and others that are substantially similar, refer to General Note on General Licenses for Transactions Related to Telecommunications and Mail.

*General Note re: The Relationship Between Venezuela-related Loose-leaf GLs and 591.404 (Transactions ordinarily incident to a licensed transaction)

Prior to November, 2019, 591.201 (“Prohibited transactions”) only prohibited transactions within the scope of EO 13692. Because of that, this provision did not, as a technical matter, apply to transactions ordinarily incident to any Venezeula-related general license, except insofar as the otherwise prohibited transactions licensed were (i) prohibited by EO 13692, or (ii) prohibited by another Venezuela-related EO and explicitly licensed in the VSR. Prior to November, 2019, (ii) only applied to the legal services and emergency medical services GLs contained...