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LICENSE No. VENEZUELA-EO13884-2019-XXXXX
VENEZUELA SANCTIONS REGULATIONS
LICENSE
Issued under the authority of one or more of 50 U.S.C. §§ 1601-51, 1701-06, Pub. L. 113-278, Executive Orders 13692, 13808, 13827, 13835, 13850, 13857, and 13884, and 31 C.F.R. Parts 501 and 591.
To: Law Offices of Max Price, P.A.
c/o Law Offices of Poblete Tamargo
510 King Street - Suite 350
Alexandria, VA 22314
Attn: Arthur M. Freyre
1. Based upon your request dated December 13, 2019, supplemental correspondence dated September 18, 2020, and additional information available to the Office of Foreign Assets Control (the "Application"), the transactions described herein are hereby authorized.
2. This License is subject to the condition, among others, that the Licensee(s) comply with its terms and with all regulations, rulings, orders, and instructions...
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1) BACKGROUND; TIMELINE OF RELEVANT EVENTS
This license is connected to a litigation that started in 2012 in the United States District Court for the Southern District of Florida (SDFL), and involves a breach of contract claim made by a natural U.S. person plaintiff against the Government of Venezuela.
On Apr 24, 2014 the plaintiff was awarded a default judgment against Venezuela for $7,464,953.12 (ECF 26), along with writs of garnishment to execute on U.S.-located funds (ECF 31), but the judgment was ultimately vacated (Jun 12, 2015 – ECF 101) the writs dissolved.
On May 10, 2018, after the August 24, 2017 issuance of EO 13808 (prohibiting dealings in “new debt” of the Government of Venezuela), the 11th Circuit Court of Appeals issued an opinion determining that the lawsuit could proceed notwithstanding the Foreign Sovereign...