OFAC General License 58 and the Restructuring of Venezuelan Debt. Some legal implications.
On May 5, 2026, the Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury issued General License 58 (GL 58), authorizing the Government of Venezuela to engage in transactions otherwise prohibited under U.S. sanctions regulations for the purpose of contracting professional services related to the restructuring of its public debt. Despite… Continue reading OFAC General License 58 and the Restructuring of Venezuelan Debt. Some legal implications.