What’s the Future of ESG Investing in Latin America?

Roland Potts, partner, and Ravika Rameshwar, associate attorney, both at Diaz Reus: “Latin America and the Caribbean are increasingly relying on environmental, social and governance, or ESG, investments to help address their financial needs. The region faces an infrastructure gap and has recently seen financial institutions withdraw, in part due to the region’s vulnerability to natural disasters and climate change.”

The U.S. Government Expands Its Venezuela-Related Sanctions

On June 18, 2020, the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) sanctioned a number of Mexican individuals, entities, and vessels for “their activities in or associated with a network attempting to evade United States sanctions on Venezuela’s oil sector.” OFAC’s action was based on Executive Order (“E.O.”) 13850 authorizing economic sanctions on persons operating in certain sectors of the Venezuelan economy.