FCPAméricas Blog
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OFAC Gives Guidance to Owners of PDVSA 2020 Bonds
8.03.2018
The following is a guest post from Timothy O’Toole and Brian Fleming, Members at Miller & Chevalier Chartered. The post has not been translated into Spanish or Portuguese. In the Fall of 2016, Venezuela’s state oil company, Petroleos de Venezuela, S.A. (PDVSA), attempted to ease its short-term debt payment crunch by offering to swap $7.1 […]
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Trump Tightens Sanctions against Venezuela
9.04.2017
The following guest post is from Timothy O’Toole, a Member of Miller & Chevalier who focuses on sanctions, export controls, and other international regulatory and compliance issues. At the end of August, President Trump issued an Executive Order that significantly broadened U.S. economic sanctions against Venezuela. In 2015, the U.S. – through the United States Treasury […]
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Trump Administration Imposes Sanctions against Eight Members of the Venezuelan Supreme Court
6.14.2017
The following guest post is from Timothy O’Toole, a Member of Miller & Chevalier, and Abby Cotterill, a Senior Associate of Miller & Chevalier. They focus on sanctions, export controls, and other international regulatory and compliance issues. In March 2015, the Obama administration imposed economic sanctions against Venezuela arising out of what U.S. officials believed […]
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PDVSA at the Center of International Anti-Corruption Efforts
8.30.2016
This post was co-authored by Maryna Kavaleuskaya, a Law Clerk at Miller & Chevalier. How do multiple enforcement authorities from different countries hold one of the largest petroleum producers in the world accountable for years of institutionalized corruption? Press reports on investigations of Venezuela’s state-owned oil company, Petroleos de Venezuela S.A. (“PDVSA”), suggest several answers. […]
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Miller & Chevalier Releases Results of 2016 Latin America Corruption Survey
8.08.2016
Despite more than three-quarters of businesspeople indicating that their country’s anti-corruption laws are ineffective, the 2016 Latin America Corruption Survey released by Miller & Chevalier Chartered and 13 partner firms shows marked signs of regionwide improvement in corporate compliance measures. In April and May 2016, Miller & Chevalier and 13 Latin American partner firms distributed […]