From Here to Kathmandu, Part 2

Last week I posted on the issuance by OFAC of a license to the U.S. Embassy in Nepal and USAID to continue providing financial support to the Government of Nepal notwithstanding that the Communist Party of Nepal (the “CPN”), an…

A Tale of Two Dictators

With profound apologies to Mel Brooks, it’s springtime for Muammar in Libya, winter for Hugo Chavez! No, that’s not the latest lyric from a Broadway hit; rather it’s a reference to a notice of a final rule issued by DDTC…

From Here to Kathmandu

The U.S. Embassy in Nepal announced today that OFAC has granted a license to the U.S. Mission in Nepal and to the U.S. Agency for International Development to continue to provide assistance to the Government of Nepal notwithstanding the participation…

A Kim Jong-il Wind Blows on DPRK-Flagged Ships

Last Friday, OFAC further amended its rules relating to “flag of convenience” ships registered in North Korea. Previously, OFAC had forbidden Americans from owning, leasing, operating or insuring North Korean flagged ships. Under the new rules, Americans may not obtain…