By Maya Lester KC & Michael O’Kane

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By Maya Lester KC & Michael O’Kane

US issues general license to delay authorisation of PdVSA bond transactions

3 February 2026

US issues general license to delay authorisation of PdVSA bond transactionssharpner/Shutterstock.com

The United States has issued General License 5U, which authorises certain transactions related to Venezuela’s state-owned oil company’s 2020 8.5% bond. The licence takes effect on 20 March 2026. It authorises “all transactions related...

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Regimes / Regions

Sanctioning States

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  • Licensing
Maya Lester KC
By Maya Lester KC

Maya Lester KC is a senior barrister (King’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human rights & civil liberties. She has a particular expertise in sanctions. She is the…

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