News & Insights

Provided advice and counseling to a UK-based financial institution with respect to dealings in Government of Venezuela debt in order to ensure compliance with U.S. sanctions. Advice was relied upon to engage in the transactions in full compliance with U.S. law.

Ferrari & Associates not only represents clients in high-profile or significant cases, it achieves results in those cases. It is often hard to guess how OFAC will react to certain submissions or arguments. Further, it can be difficult to predict whether results can be achieved in matters pending before OFAC, given that they often rely on policies, guidance, and information that is not publicly available. Nevertheless, over the years, the OFAC lawyers at Ferrari & Associates have been able to successfully represent their clients before OFAC based on their understanding of OFAC’s procedures, policies, and legal interpretations. This success can take many forms ranging from obtaining additional information to allow a designated party to understand the true reasons behind their designation to helping a bank or multinational corporation institute a sanctions compliance program. While there is always a level of uncertainty when dealing with OFAC, the cases noted below show that our firm has a track record of success in dealing with OFAC and achieving results for our clients.