OFAC GENERAL LICENSEActiveCross-sector
GL 49A
GL 49A — Negotiation of Contingent Investment Contracts
Issued
Mar 13, 2026
Expiration
No expiration
Authorized entity
Inversores extranjeros y compañías estadounidenses
Type
General
Scope
Authorizes negotiation of contingent contracts in non-energy sectors with the express condition that performance requires separate OFAC authorization.
Authorized activities
- ·Term sheets, MOUs, cartas de intención
- ·Due diligence pre-contractual
Prohibited activities
- ·Ejecución material del contrato sin licencia adicional
- ·Transferencia de fondos al gobierno VE
VENE · ECONOMIST Analysis
- Fact
- GL 49A (13 de marzo de 2026) extiende el régimen de "negociar pero no ejecutar" a sectores adicionales más allá de energía (telco, minería, infraestructura, agro).
- Implication
- Habilita el corredor de M&A pre-sancionado: corporates internacionales pueden firmar term sheets condicionados con contrapartes VE. Cuando OFAC libere la ejecución, los firmantes tempranos tienen ventaja informativa de 12-18 meses.
- Indicator to monitor
- Anuncios de MOUs (sin closing) en sectores telco, minería, agroindustria. Volumen de roadshows VE en NY/Houston.
Official source
This summary does not constitute legal advice. The final determination of scope and applicability of any OFAC license requires consultation with qualified legal counsel and review of the official text published by the Office of Foreign Assets Control. VENE · ECONOMIST maintains this page as editorial reference for institutional investors.
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