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[NOTE: DATE OF HEARING DIFFERS BETWEEN THE TWO LICENSES]
License No. UKRAINE-EO13660-2016-326950-1
SECTION 1 - AUTHORIZATION: Subject to the limitations and conditions herein, Weil, Gotshal & Manges, Forbes Media LLC, and all other persons participating in arbitration proceedings under Case No. 01-14 0001-4742 (collectively, the "Licensees"), which involves United Media Holding, N.V. (UMH), a person whose property and interests in property are blocked pursuant to the Ukraine-Related Sanctions Regulations, 31 C.F.R Part 589 (URSR), are hereby authorized to engage in all transactions that are necessary and ordinarily incident to the hearing presided over by James B. Kobak, Jr. from March 3 through March 5, 2016, as described in the Application.
SECTION 2 - WARNINGS: (a) This License does not authorize the transfer of any blocked property, the debiting of any blocked account, the entry of any judgment or order that...
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1) This license request, and the issuance of the license, were made subsequent to and as a result of the guidance provided in Case No. UKRAINE-EO13660-2015-323659-1 (see comments thereto for further background on this case in general). That guidance letter stated that while counsel for the U.S. claimant did not require a license from OFAC to engage in a U.S.-based commercial arbitration against a blocked party, U.S. counsel for the blocked party and the U.S. arbitrator did.
2) With the first license (application attached), OFAC authorized all persons participating in the arbitration "to engage in all transactions that are necessary and ordinarily incident to the hearing presided over by [the arbitrator]." Subsequent to the issue of that license, there was a need for a time extension and, in addition, a question of whether the issuance of the final enforceable award—as opposed...