Panamanian Transactions Regulations; Resolution of Claims from Blocked Government of Panama Assets

Resumo

The Office of Foreign Assets Control is amending the Panamanian Transactions Regulations to include a statement of licensing policy indicating that specific licenses may be issued authorizing the release of blocked Government of Panama funds at the request of that government to satisfy settlements, final judgments and arbitral awards with respect to claims of U.S. persons arising prior to April 5, 1990. The Office of Foreign Assets Control will also accept license applications with respect to such claims from U.S. persons seeking judicial orders of attachment against blocked Government of Panama assets in satisfaction of final judgments entered against the Government of Panama provided such applications are submitted no later than June 15, 1994.