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.
[3-11-24 update - see Corporación Andina de Fomento (2024 SEC Filing)]
[UPDATE See key Case No. MUL-2013-304318-1 and comments thereto building on this item. The below has not been updated to reflect the addition of Case No. MUL-2013-304318-1 to the Research System].
1) BACKGROUND
The Corporación Andina de Fomento (CAF) – Banco de Desarrollo de América Latina (development bank of Latin America) is a multilateral development bank of which ~90% of the ownership is accounted for by 11 governments, of which the blocked Government of Venezuela is one (see p. 39 of the 2021 filing at the external link). The primary function of the bank is the making of loans to shareholder countries. Loans to the Central Bank of Venezuela, which was blocked pursuant to EO 13884 and EO 13850...