Civil Enforcement Information - Lanier Marine Liquidators

Date issued: Dec. 20 2011

TURBOFAC Commentary (79 words)

Notes:

1) As with. e.g. Civil Enforcement Information - Industrial Maritime Carriers Worldwide, L.L.C (2011), OFAC suggests that the mere entering into a contract with a sanctioned but non-blocked person violates the SSR. See also Civil Enforcement Information - Balli Group PLC and Balli Aviation, Ltd (2020), and comments thereto.

Refer to General Note and Associated Scenario Matrix re: the Legal Status of Discussions, Negotiations, Contracts and other Pre-transactional Activities (System Ed. Note) for further discussion on this issue.