OFAC Sanctions · Venezuela · June 2026
OFAC Amends 7 Venezuela General Licenses
Three identical changes across the series
Barnola & Sancristóbal · Ágora Abogados SC · June 10, 2026
BEFORE
NOW
Governing law
U.S. law
governs
the entire contract
→
Terms are
construed and interpreted
under the law of a U.S. state — other systems may govern non-contractual aspects
Dispute forums
United States only
→
U.S. · United Kingdom · France · Singapore
(LCIA · ICC · SIAC now available)
Venezuelan law
No express recognition
→
Permits · Concessions · Labor · Environmental · Health & safety · Tax
Amended licenses
GL 46C
GL 47A
GL 48B
GL 50B
GL 51B
GL 52A
GL 54A
Barnola & Sancristóbal · Ágora Abogados SC
Ágora Abogados SC
