[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: 31CFR587.507]



[Page 401-402]

 

                  TITLE 31--MONEY AND FINANCE: TREASURY

 

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

 

PART 587_FEDERAL REPUBLIC OF YUGOSLAVIA (SERBIA AND MONTENEGRO) 

MILOSEVIC SANCTIONS REGULATIONS--Table of Contents

 

  Subpart E_Licenses, Authorizations and Statements of Licensing Policy

 

Sec. 587.507  Provision of certain legal services authorized.



    (a) Provision of the legal services set forth in paragraph (b) of 

this section to or on behalf of persons designated in or pursuant to 

Sec. 587.201(a) is authorized, provided that all receipts of payment of 

professional fees and reimbursement of incurred expenses 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 persons specified in paragraph (a) of this 

section:

    (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;

    (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.

    (c) Provision of any other legal services to persons designated in 

or pursuant to Sec. 587.201(a), not otherwise authorized in this part, 

requires the issuance of a specific license.



[[Page 402]]



    (d) 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. 587.201 is 

prohibited unless specifically licensed in accordance with Sec. 

587.202(e).