On 28 October, a blog port from OFSI says that, in acknowledging the importance of a person’s ability to be receive legal advice and representation, OFSI has long had a position of not prohibiting the provision of legal advice to a designated person under an asset freeze. Payment for legal services, including payment for legal services provided on credit, by contrast has required a licence.  However, OFSI has issued a general licence to permit the payment of legal fees owed by individuals and entities designated under either of these regimes.

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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