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Latest News about Sanctions

Historical heft aside, ‘Letters of Marque and Reprisal’ could serve as present-day tool of international sanction

Date: March 22, 2016

Historically, the law of reprisal gave an individual the power to seek restitution against another for a private loss (e.g., if an English merchant had goods stolen in France, the merchant would be granted a letter of marque and reprisal by the English government, which would grant him the right to “capture” a French merchant vessel to compensate him for that loss). (more…)

New OFAC, BIS Cuba Regulations Open Trade Doors for US Businesses

Author: Julio A. Fernandez
Date: March 14, 2016

After the announcement by President Obama in December 2014 of the dramatic change in US policy toward Cuba, the Treasury Department’s Office of Foreign Assets Control (OFAC) and the Commerce Department’s Bureau of Industry and Security (BIS) followed quickly with several new regulations and changes to existing rules concerning transactions with the island nation. (more…)

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