Venezuelan Oil Sanctions: Structuring Energy Transactions Under OFAC General Licenses

This CLE webinar will examine the evolving U.S. regulatory framework for Venezuelan-origin oil and recent changes to the OFAC licenses for doing business in Venezuela.  The panel will discuss structuring and documenting transactions to fit within authorized activity while managing remaining sanctions, export controls, banking regulatory hurdles, and contractual risk.

The panel will discuss the evolving Venezuelan commerce opportunities amid shifting sanction policy and the new market context under recent Trump administration actions and licensures.  Practitioners advising on cross-border energy transactions must interpret the license text to create operational controls, including screening protocols, payment-channel governance, counterparty diligence, contract contingencies, records management, and wind-down language if authorizations change again. The panel will address the scope of covered actors and conduct as well as the complexity of multi-agency compliance that can derail commercial deals.

Listen as our panel discusses practical approaches for drafting and negotiating agreements, with consideration of best practices for representations, conditions precedent, termination and suspension rights, risk allocation, compliance covenants, and dispute-readiness measures for Venezuelan-origin oil and related transactions under OFAC's licensures.