Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Credit: Faberr Ink/Shutterstock.com

Companies seeking financing should be mindful of provisions in credit agreements related to economic sanctions, such as those prohibiting doing business in countries subject to U.S. Department of the Treasury Office of Foreign Assets Control (OFAC) sanctions or with sanctioned parties, including those identified on the List of Specially Designated Nationals and Blocked Persons (SDN List). What at first glance can seem like boilerplate can have meaningful differences borrowers should not neglect to carefully review.

Law Firms Mentioned


Negotiating and Drafting Contract BoilerplateBook

This book deserves to become a standard reference text in law libraries and a regular source for any lawyer implementing or litigating a commercial transaction. ...

Get More Information

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.