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.
[7-28-24 update - see Enforcement Release: State Street Bank and Trust Company (very similar case), and note that the below has not yet been amended to reflect the issuance of the State Street enforcement release]
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1) The S&P Global case is the second enforcement action focused on SSI Directive 2 (after Haverly Systems, Inc.), and the third enforcement action related to the 2014 Ukraine-related SSI directives (see also Civil Enforcement Information - Cameron International Corporation).
2) Reissued Invoices as a "Dealing" in Prior Post-sanctions "New Debt"
Factually, the case is similar to Haverly Systems, Inc., but there are a few notable differences. The primary difference is that, here, there were apparent attempts to game (if not "evade") the “new debt” prohibitions by reissuing invoices connected to pre-existing,...