On August 5th, 2019; the Office of Foreign Assets Control (OFAC) issued License No. 27, which excludes IP matters from the Executive Orders sanctions by authorizing “transactions in connection with a patent, trademark, copyright or other form of intellectual property protection in the United States or Venezuela.” (Department of the Treasury, OFAC General License No. 27).
General License No. 27 authorizes payments to Venezuelan Authorities of official fees, taxes and attorney fees for IP proceedings. Allowing payment of fillings and prosecution, renewals and annuities, oppositions and infringement procedures.
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