[Code of Federal Regulations]

[Title 31, Volume 3]

[Revised as of July 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 31CFR542.507]



[Page 247-248]

 

                  TITLE 31--MONEY AND FINANCE: TREASURY

 

 CHAPTER V--OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY

 

PART 542_SYRIAN SANCTIONS REGULATIONS--Table of Contents

 

  Subpart E_Licenses, Authorizations and Statements of Licensing Policy

 

Sec. 542.507  Provision of certain legal services authorized.



    (a) The provision of the following legal services to or on behalf of 

persons whose property or interests in property are blocked pursuant to 

Sec. 542.201(a) is authorized, provided that all receipts of payment of 

professional fees and reimbursement of incurred expenses must be 

specifically licensed:

    (1) Provision of legal advice and counseling on the requirements of 

and compliance with the laws of any jurisdiction within the United 

States, provided that such advice and counseling is not provided to 

facilitate transactions in violation of this part;



[[Page 248]]



    (2) Representation of persons when named as defendants in or 

otherwise made parties to domestic U.S. legal, arbitration, or 

administrative proceedings;

    (3) Initiation and conduct of domestic U.S. legal, arbitration, or 

administrative proceedings in defense of property interests subject to 

U.S. jurisdiction;

    (4) Representation of persons before any Federal or State agency 

with respect to the imposition, administration, or enforcement of U.S. 

sanctions against such persons; and

    (5) Provision of legal services in any other context in which 

prevailing U.S. law requires access to legal counsel at public expense.

    (b) The provision of any other legal services to persons whose 

property or interests in property are blocked pursuant to Sec. 

542.201(a), not otherwise authorized in this part, requires the issuance 

of a specific license.

    (c) Entry into a settlement agreement affecting property or 

interests in property or the enforcement of any lien, judgment, arbitral 

award, decree, or other order through execution, garnishment, or other 

judicial process purporting to transfer or otherwise alter or affect 

property or interests in property blocked pursuant to Sec. 542.201(a) 

is prohibited unless specifically licensed in accordance with Sec. 

542.202(e).