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.
General Note on the Russia-related “New Investment” Prohibitions
I. Overview
II. The Meaning of “Investment” in New Investment
III. The Meaning of “New” in New Investment
IV. The Meaning of “in the Russian Federation”
V. The Notion of “Facilitation” of an Otherwise Prohibited New Investment
VI. The Notion of an “Indirect” New Investment (Third-country Debt/Equity)
VII. Licenses
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I. OVERVIEW
Each of the broad, IEEPA-based embargoes active as of 9-30-2022 contain a prohibition on "new investment" in the embargoed country or territory. See 510.209 (NKSR), 542.206 (SySR), 560.207 (ITSR), 589.206 (Crimea, URSR) and EO 14065 (DNR/LNR, no regulations as of 9-30-2022). The "new investment" prohibitions applicable in the embargo context are typically identically worded, where what is prohibited is new investment "in" the sanctioned area. The ITSR version is substantially different.
In addition to the “new investment” prohibitions that apply to...