Case No. NPW-2014-310771-1

Date issued: Aug. 18 2014

You've hit a wall. Sign in if you have an account, or learn more about TURBOFAC and subscription options.
TURBOFAC is a module of the compliance platform OverRuled. To learn more about OverRuled, visit www.overruled.com.

TURBOFAC Commentary (1571 words)

Notes:

1) 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.

2) "BLOCKED ASSETS" FOR TRIA PURPOSES

(i) In a TRIA/FSIA attachment proceeding focusing on GOI property forfeited to the government, this guidance letter, LICENSE No. NPW-448 and several third-party licenses filed under seal were offered for the proposition that, in OFAC's view, the property that was the subject of LICENSE No. NPW-448 was "unblocked" for TRIA attachment purposes.

Note OFAC's view that, "[w]hen assets are subject to forfeiture pursuant to an OFAC license exempting them from...