31 C.F.R. § 537.519 Activities undertaken pursuant to certain pre-May 21, 1997 agreements.
Title 31 - Money and Finance: Treasury
Except as prohibited by §537.203, U.S. persons are authorized to engage in any activity, or any transaction incident to an activity, undertaken pursuant to an agreement entered into prior to 12:01 a.m., eastern daylight time, on May 21, 1997, or pursuant to the exercise of rights under such an agreement, provided that the parties to the agreement include: (a) The Government of Burma or a nongovernmental entity in Burma, and (b) An entity organized under the laws of a foreign state.
NOTE TO §537.519: The authorization contained in §537.519 pertains to pre-May 21, 1997 contracts between foreign business entities and either the Government of Burma or a nongovernmental entity in Burma. Pre-May 21, 1997 contracts between U.S. persons and the Government of Burma or a nongovernmental entity in Burma are exempt from all prohibitions contained in this part except those contained in §537.203. See §537.210 (exemptions).
Title 31: Money and Finance: Treasury
PART 537—BURMESE SANCTIONS REGULATIONS
Subpart E—Licenses, Authorizations and Statements of Licensing Policy
§ 537.519 Activities undertaken pursuant to certain pre-May 21, 1997 agreements.
