[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: 31CFR586.509]



[Page 386]

 

                  TITLE 31--MONEY AND FINANCE: TREASURY

 

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

 

PART 586_FEDERAL REPUBLIC OF YUGOSLAVIA (SERBIA & MONTENEGRO) KOSOVO 

SANCTIONS REGULATIONS--Table of Contents

 

 Subpart E_Licenses, Authorizations, and Statements of Licensing Policy

 

Sec. 586.509  Provision of certain legal services authorized.



    (a) The provision to or on behalf of a person whose property or 

interests in property are blocked pursuant to Sec. 586.201 of the legal 

services set forth in paragraph (b) of this section is authorized, 

provided that all receipt of payment therefor must be specifically 

licensed.

    (b) Specific licenses may be issued, on a case-by-case basis, 

authorizing receipt, from unblocked sources, of payment of professional 

fees and reimbursement of incurred expenses for the following legal 

services by U.S. persons to a person whose property or interests in 

property are blocked pursuant to Sec. 586.201:

    (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 that would violate any of the prohibitions 

contained in this part;

    (2) Representation of a person whose property or interests in 

property are blocked pursuant to Sec. 586.201 when named as a defendant 

in or otherwise made a party to domestic U.S. legal, arbitration, or 

administrative proceedings;

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

administrative proceedings in defense of property interests subject to 

U.S. jurisdiction of a person whose property or interests in property 

are blocked pursuant to Sec. 586.201;

    (4) Representation of a person whose property and interests in 

property are blocked pursuant to Sec. 586.201 before any federal or 

state agency with respect to the imposition, administration, or 

enforcement of U.S. sanctions against such person; and

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

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

    (c) The provision of any other legal services to a person whose 

property or interests in property are blocked pursuant to Sec. 586.201, 

not otherwise authorized in or exempted by this part, requires the 

issuance of a specific license.

    (d) Entry into a settlement agreement affecting property or 

interests in property of a person whose property or interests in 

property are blocked pursuant to Sec. 586.201 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 a property interest of such person is 

prohibited unless specifically licensed in accordance with Sec. 

586.202(e).